KUALA LUMPUR (Aug 8): DBS Vickers analyst Toh Woo Kim upgraded the recommendation on Axiata Group Bhd to buy from hold.

* Price target (PT) raised to RM5.05 from RM5, implies 14% increase. Axiata average PT is RM5.27.

* Axiata had 13 buys, 14 holds, 1 sell previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 7.2 percent in the past three months. Forecasts range from RM3.90 to RM6.40. 

Performance Metrics

* Investors who followed the analyst's recommendation received a 0 percent return in the past year, compared with a negative 8.6 percent return on the shares.