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Vienna Stock Exchange: Winners and Losers (2012-02-02)

Published: February 2, 2012; 12:07 · Updated: February 2; 18:18 · (Vindobona)

Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.

Vienna Stock Exchange: Winners and Losers (2012-02-02) / Picture: © Vindobona.org

Erste Group published its latest Telecom Sector Report Equity. The top picks are TPSA, Turkcell and Telekom Slovenije. TPSA has emerged from long-standing litigation risk, analysts say. Share buyback, stable dividend and recovery in mobile business should support share price. Erste Group further expects Turkcell to resolve the shareholder dispute and pay dividends for 2010 and 2011. Telekom Slovenije is seen as a turnaround story, with strong earnings growth and a high dividend. Erste Group analyst's least preferred stock remains Telekom Austria, based on its weak balance sheet and underlying performance. The Austrian market should remain highly competitive. After the dividend cut, the equity outlook improved, but leverage remains extremely high at above 300%, analysts say. They expect no more support for share price, once Pecik completed his share accumulation (expected until 25%+1). Analysts recommend Telekom Austria at Reduce (before Sell) and give out a price target of € 8.20 (old: € 5.50).

Austrian construction company Porr said it plans a capital increase in the next months and announced to call an extra ordinary shareholder meeting to agree details.

UBS removed the shares of Erste Group from its Key Call list for the EMEA region. The recommendation still is Buy, the price target is € 18.00.

Best Five
Erste Group +4.82%
Lenzing +4.01%
Conwert +2.58%
voestalpine +2.41%
Immofinanz +2.28%


Worst Five
Strabag -2.02%
Wienerberger -1.91%
Post -1.29%
Mayr-Melnhof -0.53%
EVN -0.34%
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