KUALA LUMPUR (July 5): Macquarie analyst Prem Jearajasingam downgraded the recommendation on Telekom Malaysia Bhd to neutral from outperform.
* Price target (PT) set to RM4.27. Telekom Malaysia average PT is RM3.87.
* Telekom Malaysia had 11 buy, 14 holds, 3 sells previously: Bloomberg data
* Analysts raised their consensus one-year target price for the stock by 31 percent in the past three months. Forecasts range from RM2.40 to RM5.
Performance Metrics
* Investors who followed Jearajasingam's recommendation would have received a 28 percent return in the past year, the same as the company's performance.
* In the past 14 years and three months, Macquarie has rated Telekom Malaysia outperform three times and neutral twice.
* The shares rose an average 11 percent in the periods rated outperform and rose an average 9.6 percent in the periods rated neutral.