KUALA LUMPUR (April 23): CIMB analyst Foong Choong Chen downgraded the recommendation on Digi.Com Bhd to hold from add.

* Price target (PT) lowered to RM4.40 from RM4.80, implies 2.9% decrease from last close. Digi average PT is RM4.40.

* DiGi had 6 buys, 13 holds, 8 sells previously: Bloomberg data

* Analysts lowered their consensus one-year target price for the stock by 2.2 percent in the past six months. Forecasts range from RM3.40 to RM5.40. 

Performance Metrics

* Investors who followed the analyst's recommendation would have received a 4.4 percent return in the past year, the same as the company's performance. 

* Digi reported earnings that trailed estimates for the quarter on Apr 22.