"In terms of underlying FY18 earnings, we believe Telstra is on track to meet its revised guidance, Vocus is skewing towards the higher end of its range and TPG Telecom Ltd (ASX: TPM) is likely to beat.
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Vocus also copped a downgrade with the broker moving it to “underperform” from “neutral” as the stock has overshot its fundamental valuation. Macquarie has a price target of $3.05 a share.”
