Superloop's 1Q trading update was in-line with the expectations of Ord Minnett. The broker retains its Accumulate rating and $1.40 target price.

Management assured the acquisition of Exetel is progressing well and the company will invest an additional -$5m in the consumer side of that business. The analyst hopes this will add to momentum in the Australian consumer broadband segment of the business.

Sector: Telecommunication Services.

Target price is $1.40.Current Price is $1.29. Difference: $0.11 - (brackets indicate current price is over target). If SLC meets the Ord Minnett target it will return approximately 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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