Rating Alert: Joh. Berenberg Gossler & Co. KG Gives United Internet (ETR:UTDI) Higher Rating. What Is Next?

November 24, 2016 - By Marie Mckinney

Rating Alert:  Joh. Berenberg Gossler & Co. KG Gives United Internet (ETR:UTDI) Higher Rating. What Is Next?

United Internet (ETR:UTDI) Upgrade

Joh. Berenberg Gossler & Co. KG upgraded shares of United Internet (ETR:UTDI) to a “Buy” rating in a an analyst note sent to clients and investors on 24 November. The firm currently has a EUR 46.00 target on the stock. Joh. Berenberg Gossler & Co. KG’s target would indicate a potential upside of 27.25% from the stock’s close price.

United Internet AG (ETR:UTDI) Ratings Coverage

Out of 21 analysts covering United Internet (ETR:UTDI), 15 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 71% are positive. €57 is the highest target while €38.80 is the lowest. The €48.93 average target is 34.42% above today’s (€36.4) stock price. United Internet has been the topic of 103 analyst reports since July 8, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Saturday, December 19 by Morgan Stanley. The stock of United Internet AG (ETR:UTDI) earned “Buy” rating by Bankhaus Lampe on Saturday, May 14. The firm has “Buy” rating by Hauck & Aufhäuser Privatbankiers KGaA given on Saturday, February 6. Warburg Research upgraded it to “Buy” rating and €51 target price in Wednesday, November 18 report. The firm has “Buy” rating given on Thursday, October 13 by Goldman Sachs. Jefferies upgraded the stock to “Buy” rating in Wednesday, August 19 report. Hauck & Aufhäuser Privatbankiers KGaA upgraded United Internet AG (ETR:UTDI) on Thursday, November 10 to “Buy” rating. Kepler Cheuvreux upgraded the shares of UTDI in a report on Friday, June 24 to “Buy” rating. Warburg Research upgraded it to “Buy” rating and €55 target price in Friday, June 24 report. Oddo & Cie upgraded United Internet AG (ETR:UTDI) rating on Tuesday, November 24. Oddo & Cie has “Buy” rating and €53 price target.

About 96,404 shares traded hands. United Internet AG (ETR:UTDI) has declined 14.58% since April 15, 2016 and is downtrending. It has underperformed by 19.99% 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 7.46 billion EUR. The Company’s products and technical services are divided into two key divisions. It has a 53.03 P/E ratio. The Access segment comprises narrowband, broadband and mobile access subscriptions, including the corresponding applications.

More notable recent United Internet AG (ETR:UTDI) news were published by: Bloomberg.com which released: “United Internet Said to Weigh Bid for Cinven’s Host Europe” on June 23, 2016, also Bloomberg.com with their article: “United Internet to Buy Full Control of Versatel From KKR” published on September 03, 2014, Bloomberg.com published: “United Internet Boosts Stake in Wireless Competitor Drillisch” on April 28, 2015. More interesting news about United Internet AG (ETR:UTDI) were released by: Bloomberg.com and their article: “United Internet Still Believes in Rocket Despite Writedown” published on May 17, 2016 as well as Reuters.com‘s news article titled: “United Internet eyes IPO of division to fund buys” with publication date: July 10, 2015.

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