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The main index of the Oslo Stock Exchange finished up 0.30% at 874.10 points, trading at 3,792 million Norwegian kroner.
Telenor was one of the shares that rose Wednesday on the Oslo Stock Exchange. It rose 0.2 percent, trading for 316 million. The company presented its results for the second quarter of Tuesday
The shareholder Paul Harper of DNB Markets believes that the preliminary responses to the quarterly figures exceed the deviations from the estimates.
– Up to now, the numbers have been enough They have not been far from what was expected. We have seen many companies whose share price has changed by more than five percent by the closing date, and the average price changes are now over five percent this season, "said Harper. at TDN Direct, something about the previous quarter at the end of the cycle and the prices are relatively high.This gives little patience for the negative deviations from the consensus, while the companies that offer a good figure become attractive to them. In addition, Arctic Securities adjusts Wednesday its target of Schibsted A share price to 325 crowns.The purchase recommendation is maintained
The price target is revised to because of higher estimates in Schibsted's classified markets in Spain and Norway, as well as in Lendo, where the Arctic is expecting a strategic update from Schibsted in the third quarter of 2018. [19659007] In the opposite case, Arctic Securities has noted Wednesday's recommendation on Telenor's action to buy teams and maintains a target price of 180 crowns.
The upgrade is due to the fact that the brokerage sees the valuation of the Telenor share and that the stock is trading at a discount compared to other European mobile operators. In addition, Arctic Securities expects an improvement in several Telenor markets in the second half of 2018.
The next significant event for Telenor's action will be the spectrum auction in Thailand on 18 and 19 August, where Arctic Securities expects Telenor to win the 900 MHz spectrum. auction around the indicated price level without further price competition, since no Thai telecommunications operator participated in the previous spectrum auction. (Terms)
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