UBS downgraded Bezeq Israeli Telecom to Neutral from Buy with a price target of ILS 4.40, down from ILS 6.10. The company’s mid-term case still strong but near-term, risks have increased as incumbent peers offer similar yields, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.