ubs maintains buy rating for 1 and 1 with target price of 21 euros

UBS has given 1&1 a 'Buy' rating and a target price of 21 euros, despite the company's recent quarterly results falling short of consensus estimates by over 20 percent.

The disappointing earnings were primarily due to increased costs associated with network expansion.

However, UBS remains confident in the long-term prospects of 1&1 shares and believes that this setback does not change the overall investment narrative for the company.

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