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Fly News Breaks for December 14, 2016
BT, TI
Dec 14, 2016 | 07:22 EDT
RBC Capital analyst Jonathan Dann identifies Telecom Italia (TI) and BT Group (BT) as two of his top picks among European telecom companies. Telecom Italia's low valuation and exploitation of convergence, along with its broadband growth, will enable it to outperform, according to Dann. BT Group should benefit from its recent acquisitions in the mobile spsce and convergence in the U.K., the analyst believes Meanwhile, its regulatory issues have created a buying opportunity, he stated. Dann keeps Outperform ratings on both stocks.
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