2137 GMT - The pace at which Aussie Broadband has been adding subscribers could trigger consensus upgrades, says Jefferies. Aussie Broadband added 16,285 residential broadband customers in 1Q, which analyst John Campbell says is a solid beat to expectations. Jefferies forecasts 22,000 new residential subscribers in 1H. Aussie Broadband's business and wholesale subscriber growth was also better than expected. Jefferies says Aussie Broadband's trading multiple isn't expensive, but it retains a hold call for now.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 27, 2024 17:37 ET (21:37 GMT)
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