ICICI Direct has given Buy recommendation for Bharti Airtel with a target price of Rs. 860 in its research report issued on May 19, 2022

ICICI Direct’s research report on Bharti Airtel

Bharti Airtel (Airtel) is India’s second largest telecom operator with ~32.6 crore wireless customers in India and ~12.8 crore subscribers across 14 African countries. It enjoys industry leading ARPU in the wireless business.

Outlook

We maintain our BUY rating. We value Airtel at unchanged target price of Rs 860.

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