BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Goldman Sachs downgrades Bharti Infratel to sell
Goldman Sachs has downgraded Bharti Infratel to "sell" from "neutral" with a target price of Rs 307. Structural headwinds remain for the company. Current valuation of Bharti Infratel at 10 times EV/EBITDA is expensive. Goldman Sachs cuts earnings estimates for FY17-19 by 5-17 per cent.