Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

TDC Advances as Morgan Stanley Praises Value: Copenhagen Mover

TDC A/S rose the most in 19 months in Copenhagen trading after Morgan Stanley picked Denmark’s biggest phone company as one of its favorite telecommunication operators outside the euro area.

TDC rose as much as 4.7 percent, the most since Aug. 10, 2011, making it today’s biggest winner in the Copenhagen 20 Index. The stock advanced 3.5 percent to 45.33 kroner at 10:38 a.m. in the Danish capital with trading volume at 117 percent of the three-month daily average.

TDC, which last month said revenue and profit will decline this year, will benefit as the Danish mobile phone market becomes more “rational” and competition eases, Morgan Stanley said today in a note to investors. The bank raised its recommendation to over-weight from equal-weight and said the stock will enjoy support from the Copenhagen-based company’s dividend payments.

“Of the defensive non-eurozone telecommunication stocks, we believe TDC offers the best combination of fundamentals and valuation,” Morgan Stanley analysts, led by Terence Tsui, said in the note. The bank raised its price estimate to 53 kroner from 47 kroner.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.