Aussie Broadband Ltd. (ABB) Gets a Buy from Citi
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According to TipRanks, Park CPA is a 3-star analyst with an average return of 5.4% and a 52.75% success rate. Park CPA covers the Industrials sector, focusing on stocks such as Imdex Ltd, NRW Holdings Limited, and ALS.
In addition to Citi, Aussie Broadband Ltd. also received a Buy from Jarden's Liam Robertson in a report issued on July 17. However, on July 10, TR | OpenAI – 4o reiterated a Hold rating on Aussie Broadband Ltd. (ASX: ABB).
Based on Aussie Broadband Ltd.'s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$588.49 million and a net profit of A$12.16 million. In comparison, last year the company earned a revenue of A$445.95 million and had a net profit of A$9.82 million
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ABB in relation to earlier this year.
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