Bharti Airtel gets 4G signal booster in Q2. Is the stock worth buying now?

NEW DELHI: Bharti Airtel’s Q2 numbers beat revenue and Ebitda estimates, with the operator seeing the highest-ever broadband subscriber additions and strong 4G data traction.

Following the company’s quarterly results, CLSA has revised its target on the stock to Rs 860. Jefferies also has the same target as the subscriber mix improved and the growth outlook is strong.

Among the key positives in the results included steady Ebitda despite no tariff hikes, healthy show in the Africa geography, strong data traffic volumes and superior network capacity.