Amcom divides analyst opinions
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Investors searching for clues to whether market darling Amcom Telecommunications (AMM) still represents value would not find comfort from the latest broker notes.
The fibre-optic network operator’s share price has surged 70% over the past year to $1.89 due to its relatively defensive earnings, growth potential from its cloud computing operations and good yield, but the stock is now pushing a one-year forward price-earnings of close to 20 times.
CIMB thinks enough is enough and has cut its recommendation on the stock to “neutral” with a price target of $1.83, but Amcom has replaced Mermaid Marine (MRM) as the “most preferred stock” over the next three months on Citigroup’s list.
Citigroup is still enamoured by Amcom as it believes the company is well placed to grow profit and revenues over the medium term. This expectation is based on the leverage Amcom has from its in-ground fibre network, the fact that it is only one of three Cisco enterprise equipment resellers and the ongoing convergence of IT and telco.
Citigroup has a “buy” rating and $1.96 price target on Amcom.
Amcom and Mermaid Marine are on the Uncapped 100.