2156 GMT - Telecoms company Aussie Broadband adds a new bull in Jefferies, which has turned more positive about gross profit margins and subscriber growth in its residential business. While Aussie Broadband's business focused on small and medium-sized enterprises remains a laggard in terms of subscriber additions, analyst John Campbell is hopeful this will change as the company's brand becomes better known. Jefferies upgrades its forecasts for subscriber numbers by 4%-6% across FY 2025-2027, and assumes Aussie Broadband buys back shares worth A$15 million in FY 2025. It upgrades the stock to buy, from hold. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 16, 2025 16:57 ET (21:57 GMT)
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