NEW YORK (dpa-AFX Broker) - The analyst firm Jefferies has rated Cancom a "Hold" with a target price of 30 euros after the quarterly figures. As expected, the IT service provider had a weak start to the year despite relatively low comparative figures for the previous year, wrote analyst Martin Comtesse in an initial reaction on Tuesday. Similar to its domestic competitor Bechtle, Cancom reported a lackluster willingness to invest on the part of its customers. Profitability had suffered above all from the weak German business. On the other hand, the high cash inflow was a highlight./gl/la

Publication of the original study: 14.05.2024 / 02:47 / ET First transmission of the original study: 14.05.2024 / 02:47 / ET

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------