The company has lifted full year earnings guidance to reflect ongoing strength in on-net broadband subscriber numbers and the broker adjusts its forecasts to reflect the update.
The changes are not enough to impact on its price target and the broker retains its Buy rating on valuation grounds.
Sector: Telecommunication Services.
Target price is $2.20.Current Price is $1.47. Difference: $0.73 - (brackets indicate current price is over target). If TPM meets the BA-Merrill Lynch target it will return approximately 33% (excluding dividends, fees and charges - negative figures indicate an expected loss).
TPM Price at posting:
$1.52 Sentiment: LT Buy Disclosure: Held
