2213 GMT - TPG Telecom's accelerating decline in post-paid mobile subscribers keeps Goldman Sachs analysts bearish on the stock. They are positive on what they say was strong cash generation across 2024, but tell clients in a note that the Australian company's weak 2H post-paid performance is a concern. It looks especially bad given that it came at a time when rivals had lifted their prices, the analysts add. Goldman Sachs keeps a sell rating and A$4.20 target price on the stock, which is at A$4.63 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 02, 2025 17:13 ET (22:13 GMT)
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