Deutsche Bank has officially initiated coverage on Telekom Austria, assigning a hold rating amid a bullish outlook tempered by industry challenges. The bank highlighted key factors affecting Telekom Austria’s valuation, including its steady free cash flow and robust market position in the Austrian telecom sector. However, Deutsche Bank cautions investors about increasing competitive pressures and regulatory uncertainties that may limit near-term growth potential.

In its report, Deutsche Bank emphasized several critical points driving its assessment, such as:

  • Revenue stability: Telekom Austria continues to generate consistent revenues, supported by diversified service offerings in mobile, fixed-line, and digital solutions.
  • Margin improvement opportunities: The firm’s cost-cutting initiatives and network modernization programs could enhance operational efficiency over the coming quarters.
  • Competitive…