KUALA LUMPUR (Oct 4): Morgan Stanley analyst Mark Goodridge downgraded the recommendation on Telekom Malaysia Bhd to equal-weight from overweight.
* Price target (PT) lowered to RM3.40 from RM4.20. Telekom Malaysia average PT is RM3.64.
* Telekom Malaysia had 6 buys, 14 holds, 8 sells previously: Bloomberg data
* Analysts lowered their consensus one-year target price for the stock by 9.6 percent in the past three months. Forecasts range from RM3 to RM5.80.
Performance Metrics
* Investors who followed Goodridge's recommendation would have received a negative 49 percent return in the past year, the same as the company's performance.