Telecom Stocks Outlook For The Week - 08 To 12.10.2018
Sentiment for telecom stocks is likely to remain negative next week as weakness in the broad market along with their poor financial results over the past two years is seen weighing on the stocks. Financials of telecom companies have been under severe pressure since the launch of Reliance Jio Infocomm Ltd's services in September 2016 and focus will now be on the companies' earnings for the September quarter. We expects telecom companies to be among the worst performers in Jul-Sep. Combined entity Vodafone Idea Ltd will present its earnings for the first time for Jul-Sep. We would look for details on the path to cost synergies, operational issues in integration, long-term market share targets, etc.
Source : Cogencis Information Services Ltd.
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Sentiment for telecom stocks is likely to remain negative next week as weakness in the broad market along with their poor financial results over the past two years is seen weighing on the stocks. Financials of telecom companies have been under severe pressure since the launch of Reliance Jio Infocomm Ltd's services in September 2016 and focus will now be on the companies' earnings for the September quarter. We expects telecom companies to be among the worst performers in Jul-Sep. Combined entity Vodafone Idea Ltd will present its earnings for the first time for Jul-Sep. We would look for details on the path to cost synergies, operational issues in integration, long-term market share targets, etc.
Source : Cogencis Information Services Ltd.
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