M2 jumps on buy calls

The telco's share price has risen on buy calls from Citigroup and RBS Morgans following its poor performance since August.

M2 Telecommunications (MTU) has bounced after brokers said its recent share price fall provided investors with a good opportunity to buy the stock.

The Uncapped 100 company jumped 2.8% to $6.16 at 1338 AEST following the reports to clients from Citigroup and RBS Morgans, adding to its 3.8% gain on high volume on Friday – its biggest two-day rise in six months.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles