Digi hits highs since stock market debut on the back of results
La accion toca por primera vez el nivel de los 6 euros Leer
Digi Spain Telecom's stock has reached 6 euros per share for the first time since its initial public offering in July at 5.6 euros per share. The company's shares have risen for four consecutive days, resulting in a 7.1% gain for investors who bought in during the initial public offering. Digi reported losses of 14.5 million euros for the first half of the year, but the market has responded positively to improved revenue and an increase in market share.
The company's stock has outperformed the European telecommunications sector, which has only risen by 1% since July 16. Analysts from Kepler and New Street Research recommend buying the stock, while Bestinver advises selling.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
