Deutsche Bank Upgrades NTT Docomo (DCM) to Buy; ARPU Bottoms, Dividend Yield 4%
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Price: $25.60 --0%
Rating Summary:
0 Buy, 3 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
0 Buy, 3 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Deutsche Bank upgraded NTT Docomo (NYSE: DCM) from Hold to Buy with a price target of Y166,000.
Deutsche analyst says, "We upgrade our rating because (1) we expect ARPU to stabilize, (2) the shares are undervalued, and (3) we see low share-price risk. ARPU has fallen an avg of 5% annually since the company listed, but we expect the decline to moderate to -3% in FY3/12 and -1% in FY3/13. The dividend yield is 4%, and we expect another hike in FY3/13."
For more ratings news on NTT Docomo click here and for the rating history of NTT Docomo click here.
Shares of NTT Docomo closed at $18.27 yesterday.
Deutsche analyst says, "We upgrade our rating because (1) we expect ARPU to stabilize, (2) the shares are undervalued, and (3) we see low share-price risk. ARPU has fallen an avg of 5% annually since the company listed, but we expect the decline to moderate to -3% in FY3/12 and -1% in FY3/13. The dividend yield is 4%, and we expect another hike in FY3/13."
For more ratings news on NTT Docomo click here and for the rating history of NTT Docomo click here.
Shares of NTT Docomo closed at $18.27 yesterday.
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