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)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.