United Internet (ETR:UTDI) Stock Upgrade
In an analyst note issued on Wednesday, 2 December, research professionals at the Bankhaus Lampe KG equities research division increased shares of United Internet (ETR:UTDI) to a respectable Buy rating. They now have a target PPS set at EUR 56.00 on UTDI equating to 10.24% more upside.
From a total of 15 analysts covering United Internet (ETR:UTDI) stock, 12 rate it a ”Buy”, 2 a “Sell”, and 1 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is €57 while the lowest target price is €38.80. The mean of all analyst targets is €50.31 with a -0.73% below today’s (€50.68) stock price. United Internet was the topic of 29 analyst reports since July 8, 2015 according to the firm StockzIntelligence Inc. Oddo & Cie upgraded shares on November 24 to “Buy” rating. Deutsche Bank upgraded shares to “Buy” rating and €50 target share price in a report from a November 18. Bankhaus Lampe upgraded UTDI stock in a recent report from November 18 to “Buy” rating. Commerzbank upgraded the rating on November 18. Commerzbank has a “Buy” rating and a €55 price target on shares. Finally, Equinet upgraded the stock to “Accumulate” rating in a report issued on a November 18.
The stock increased 0.46% or EUR 0.23 on December 1, striking EUR 50.68. Approximately 337,387 shares of stock traded hands or 9.42% up from the average. United Internet AG (ETR:UTDI) has risen 6.00% since November 2, 2015 and is uptrending. It has outperformed by 7.62% the S&P500.
United Internet AG is a Germany-based Internet service well-known provider and holding firm of the United Internet Group. The company has a market cap of 10.32 billion EUR. The Company’s products and technical services are divided into two key divisions. It has 23.53 P/E ratio. The Access segment comprises narrowband, broadband and mobile access subscriptions, including the corresponding applications.