(ADPnews) - Oct 23, 2009 - Deutsche Bank has upgraded its price target for Portugal Telecom (ELI:PTS) to EUR 8.20 from EUR 8.0, attributing a "hold" stance to the shares.
The analysts outlined the high dividend yield of PT, or 7.1% compared to a 6% average yield of sector firms.
In addition, PT's performance in the pay-TV sector has been stronger than expected, the investment house added.
As negative sides, Deutsche Bank outlines …
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