1202 GMT - The best-performing European telecommunications stocks are usually those that are exposed to the strongest markets and those with positive earnings momentum, Barclays analysts say. This was the case in 2023 and 2024, and will likely to continue in 2025, they write in a note. However, mergers and acquisitions potential creates new opportunities, boosted by hopes of EU regulatory changes. "We do see a potentially significant shift in regulatory and competition policy across Europe, be it a lightening regulatory burden, or less onerous remedies for in-market consolidation." The U.K. bank upgraded Deutsche Telekom's stock recommendation to overweight, while it downgraded BT Group's to equal weight and cut its target price to 190 pence from 215 pence. Deutsche Telekom shares are down 0.1% at 29.93 euros. BT shares are down 1.2% at 153.75 pence. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
December 10, 2024 07:02 ET (12:02 GMT)
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