BUZZ-Citi maintains "buy" on Aussie Broadband ahead of investor day

Reuters
10 Apr
BUZZ-Citi maintains "buy" on <a href="https://laohu8.com/S/ABB.AU">Aussie Broadband</a> ahead of investor day

** Analysts at Citi expect Aussie Broadband ABB.AX to deliver another incremental uplift in its market share ahead of its investor day presentation

** We do not envisage meaningful shift in strategy and expect ABB to build on its current strategic pillars — Citi

** Brokerage maintains "buy" rating on stock

** Citi says ABB could provide an upbeat outlook around average revenue per user (ARPU) and market share, especially in September, when several speed tiers are accelerated

** Seven of 10 analysts covering the stock rate it "buy" or higher, and three rate it "hold"; their median PT is A$4.49 — LSEG data

** Stock up 2.9% YTD, as of last close

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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