KUALA LUMPUR (May 9): UOB Kay Hian analyst Chong Lee Len upgraded the recommendation on Axiata Group Bhd to buy from hold.
* Price target (PT) raised to RM5 from RM4. Axiata average PT is RM4.61.
* Axiata had 15 buys, 12 holds, 0 sells previously: Bloomberg data
* Analysts raised their consensus one-year target price for the stock by 3.1 percent in the past three months. Forecasts range from RM3.80 to RM5.60.