Hold Tata Communications; target of Rs 1270: ICICI Direct

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ICICI Direct's research report on Tata Communications

Tata Communications (TCOM) is the leading global digital ecosystem enabler. It provides its clientele with state-of-the-art solutions across a wide range of communication, collaboration, cloud, mobility, connected solutions, network and data centre services.

Outlook

We change our rating from BUY to HOLD after a run up of ~22% in the stock price in the last three months and given the management’s non-committal guidance on growth acceleration timelines. We value TCOM at a target price of Rs 1270.

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Tata Communications - 201022 - icici