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VOC - UBS rates the stock as Neutral
BY BROKER NEWS - 26/04/2018 | VIEW MORE BROKER UPDATES

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VOC - VOCUS COMMUNICATIONS LIMITED


UBS notes Vocus has abandoned the NZ asset sale process. The answer to whether the company needs to raise equity to de-leverage depends on the new covenants negotiated as part of the re-financing, the broker suggests.

The most likely scenario, UBS believes, is that the company can negotiate new and higher covenant limits, in which case an equity raising would be unlikely in the near term.

Neutral rating and $2.60 target maintained.

Sector: Telecommunication Services.

Target price is $2.60.Current Price is $2.29. Difference: $0.31 - (brackets indicate current price is over target). If VOC meets the UBS target it will return approximately 12% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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