ICICI Direct in its research report dated October 20, 2022 recommends Hold Rating on Tata Communications with a target price of Rs 1270.
ICICI Direct's research report on Tata Communications
Tata Communications (TCOM) is a leading global digital ecosystem enabler. It offers its customers state-of-the-art solutions in a wide range of Communications, Collaboration, Cloud, Mobility, Connected Solutions, Network and Data Center services.
Outlook
We change our rating from BUY to HOLD following a ~22% increase in the stock price over the past three months and management's non-committal guidance on growth acceleration timelines. We price Tcom with a target price of Rs 1270.
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