UBS has lowered its target price for United Internet from 24 euros to 23 euros while keeping a "buy" rating.
The adjustment is due to concerns raised by the latest quarterly results from mobile providers in Germany, particularly regarding increased competition in the low-cost segment.
Despite the short-term challenges reflected in weaker operating trends, there is optimism for United Internet and its subsidiary 1&1, thanks to their long-term mobile partnership with Vodafone, which has been in place for 18 years. This partnership is expected to give them a competitive advantage in the changing market.