ubs lowers 1 and 1 price target to 20 euros maintains buy rating

UBS has lowered its price target for 1&1 from 21 euros to 20 euros while keeping a "buy" rating.

Analyst Polo Tang has expressed concerns about the increasing competition in Germany's mobile phone market, particularly in the low-cost segment, following the latest quarterly results from the company.

Despite the short-term challenges reflected in weaker operating trends, Tang remains positive about the prospects for United Internet and 1&1, citing the benefits of their long-term mobile partnership with Vodafone, which has lasted for 18 years.

As of the latest trading data, 1&1 shares are declining, with prices reported at 11.94 euros, down 1.32% from the previous day.

The stock has experienced fluctuations across various trading venues, with prices ranging from 11.90 euros to 12.10 euros.

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