As a telecoms analyst what keeps you awake at night?
Volatility in the sector is what keeps us awake at night. We are generally quite comfortable with the fundamentals of Europe’s large telecom operators, and we believe the sector can offer attractive credit risk-adjusted returns. Yet, the volatility is too high for the typical investment-grade investor. That’s why we recommended that investors take a moderate stance in the sector rather than a full overweight.
Which trade recommendatio