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An update from Bharti Airtel Limited ( (IN:BHARTIARTL) ) is now available.
Bharti Airtel has received an upgraded credit rating from S&P Global Ratings, moving from ‘BBB-‘ to ‘BBB’, with a positive outlook. This upgrade is attributed to the company’s strong earnings growth and cash flow, driven by increased subscriber additions and higher average revenue per user in its Indian operations. The company has benefitted from industry-wide tariff hikes and has been gaining market share, particularly from Vodafone Idea’s customer churn due to under-investment in its network. This improved financial position is expected to support Bharti Airtel’s continued deleveraging over the next 24 months, enhancing its market positioning and potentially leading to further credit rating improvements.
More about Bharti Airtel Limited
Bharti Airtel Limited is a major player in the telecommunications industry, providing a wide range of services including mobile, broadband, and digital TV. It is a significant competitor in the Indian market, holding a strong position as the second-largest telecom operator.
Average Trading Volume: 252,602
Technical Sentiment Signal: Buy
Current Market Cap: 11960B INR
See more data about BHARTIARTL stock on TipRanks’ Stock Analysis page.