UBS has started covering United Internet and given it a 'Buy' rating with a target price of 24 euros.
The stock closed at 16.14 euros, down 14.83% from the previous trading day.
Trading activity on various exchanges shows a downward trend, with prices ranging from 15.97 euros in Frankfurt to 18.56 euros in Munich.
The stock's annual high is 25.06 euros, while the annual low is 15.76 euros, indicating a challenging market environment for the company.
Investors are closely watching as United Internet deals with these fluctuations, and UBS's positive outlook could impact market sentiment going forward.