BHARTI AIRTEL Rating
MACQUARIE ON BHARTI AIRTEL : 26.05.2021
• Maintain outperform, target at Rs 742/share
• Continue to prefer pure-play Bharti Airtel over JIO
* Like Bharti's 'quality-customer' and enterprise solutions strategy
* JIO we see downside to the consensus view of subscriber and APRU growth
CITIBANK ON BHARTI AIRTEL - 18.05.2021
* Maintain BUY, Target at Rs 685/share
* Overall inline; India Mobile EBITDA a shade below
* Bharti's share price has remained range-bound over last few months
* Maintain Buy given reasonable valuations; expect Market share gains should cocontinue
CITI ON BHARTI AIRTEL - 18.05.2021
* Bharti Airtel Q4 overall in-line, but India mobile EBITDA a shade below estimates, says Citi
* MAINTAIN BUY TARGET: 685
* Q4 Overall In-Line; India Mobile EBITDA A Shade Below
* Adj Pre-tax Profit Of 1,580 Cr Ahead Of Our Estimate Profit Boosted By ₹440 Cr Of Net Exceptional Gains
GOLDMAN SACHS ON BHARTI AIRTEL - 18.05.2021
* Maintain BUY, Target at Rs 665/share
* Decelerating growth but rising market share
* Marginally trim estimates but remain constructive on the stock
* Tariffs moving up, or market share re-allocation are key trigger
CLSA ON BHARTI AIRTEL - 18.05.2021
* CLSA continues to have Buy call on Bharti Airtel with target of Rs 730/sh
* MAINTAIN BUY TARGET: 730
* Gained More-than-expected 4G Data Subscribers
* ARPU, Net Of IUC, Although Was Down 0.8% QoQ/Up 7.4% YoY
* 4G Penetration Of 56% Of Its Own Subscribers Assures Growth
UBS ON BHARTI AIRTEL - 18.05.2021
* UBS maintains Buy call on Bharti Airtel
* MAINTAIN BUY TARGET: 655
* A Healthy Set Of Results, With Co Outperforming Jio On Most Metrics
* Impact of COVID ON Subscriber Adds & ARPUS Key Monitorable Going Ahead
MACQUARIE ON BHARTI AIRTEL - 18.05.2021
* Maintain Outperform, Target at Rs 747/share
* IUC removal impacted ARPU quarterly momentum
* Good momentum seen in Mar-21
* Price target Rs 747 based on 8.1x FY23e EV/EBITDA
