UBS just dumped telecom stocks - here's why Airtel dropped to 'Sell'
Key Points
- UBS has downgraded all Indian telecom stocks, with Bharti Ai...
UBS just handed out downgrades to India's telecom giants like a strict teacher grading final exams - and nobody got an A+. In fact, nobody even got a B. The investment bank has officially declared that zero telecom stocks deserve a 'Buy' rating, which is roughly equivalent to saying "we'd rather invest in a lemonade stand."
The Great Telecom Downgrade Express
Bharti Airtel took the biggest hit, sliding from 'Neutral' to 'Sell' - a rating that essentially translates to "run away, but don't sprint because that would be undignified." Meanwhile, Vodafone Idea got bumped down from 'Buy' to 'N...
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