PT Indosat was rated "BUY" in new coverage at Goldman Sachs Group Inc., which said the company is "well positioned" to regain some of its lost market share.
The brokerage has a share-price estimate of 7,400 rupiah for Indosat, according to a report by analysts including Sachin Salgaonkar. They reduced PT Telekomunikasi Indonesia's (TLKM) rating to "neutral" from "buy", saying the stock is trading neaar their share price forecast of 10,000 rupiah.
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