UBS has lowered its price target for United Internet from 24 euros to 23 euros while keeping a "Buy" rating. An analyst expressed concerns about the growing competition among mobile providers in Germany, especially in the low-cost segment, after reviewing the latest quarterly results.

Despite the short-term challenges reflected in weaker operating trends, the analyst remains positive about United Internet and its subsidiary 1&1, citing the advantages of their long-term mobile partnership with Vodafone.

United Internet's stock is currently declining, with prices at 15.57 euros, down 1.02% from the previous day. The stock has experienced fluctuations across different trading venues, with the most recent change recorded at Tradegate at 15.56 euros, reflecting a decrease of 2.08%.