ASX cut to Hold

With it's price rising following last week's full-year result, we're downgrading ASX to Hold.

Last week's upgrade of ASX – at only 12c below our new Buy price –  was never likely to last long in current market conditions, but hopefully a few members have been able to take advantage of the opportunity. With the stock now about 4% above the $50 Buy price, though, we're downgrading to HOLD.

Note: The Intelligent Investor Growth and Equity Income portfolios own shares in ASX. You can find out about investing directly in Intelligent Investor portfolios by clicking here.


SMS Code Sent…

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

Log in to access this content

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

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles