These are top 10 stocks traded on the Robinhood UK platform in July
Investing.com - Macquarie initiated coverage on Tata Communications (NSE:TATA) (NS:TCOM) with an Outperform rating and a price target of INR2,300.00 on Wednesday.
The research firm cited Tata Communications’ expanded service offerings spanning connectivity, cloud, communication services, and IoT, which are driving larger and longer-term deal wins aligned with the company’s strategy of "going deeper with fewer" clients.
Macquarie highlighted that Tata Communications now serves 290 million-dollar customers, representing a 35% increase over four years, with 35 clients generating over US$5 million (up 35%) and 30 clients exceeding US$10 million (doubled).
The firm projects an 11% revenue compound annual growth rate (CAGR) for Tata Communications from fiscal years 2025 to 2028, alongside more substantial growth in EBITDA (16% CAGR) and EBIT (30% CAGR).
Macquarie expects Tata Communications’ margins to improve by 300-500 basis points as the company achieves scale benefits for its currently loss-making Digital Portfolio, resulting in stickier revenue streams and more productive growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.