In a report released today, Giorgio Tavolini from Intermonte maintained a Buy rating on Unidata S.P.A., with a price target of €5.00.
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Giorgio Tavolini has given his Buy rating due to a combination of factors that highlight Unidata S.P.A.’s strong financial performance and strategic positioning. The company’s recent 9-month results showed a slight improvement in profitability, surpassing expectations by 2%, which underscores the success of its strategy focused on high value-added services and effective cash generation. This has led to a reduction in net financial debt, enhancing the company’s financial stability.
Additionally, Unidata’s revenue growth, particularly in infrastructure, and the expansion of its FTTH proprietary network demonstrate its robust operational capabilities. The company’s strategic assets, including its network in Rome and expertise in infrastructure projects, position it well for potential consolidation opportunities in the Italian telecom sector. The stock’s current valuation, trading at a lower EV/EBITDA multiple compared to the sector average, further supports the Buy rating as it suggests potential for upside as the market recognizes its value.