- Westhouse Securities has downgraded its recommendation on communications services provider Next Fifteen Communications [LON:NFC] to ‘neutral’ from ‘buy’, believing the shares will pause for breath following a strong run.

The broker pointed out that the share price has appreciated by 21 per cent since it upgraded from ‘add’ to ‘buy’ (in mid-October) and has outperformed the market by around 15 per cent and 22 per cent, respectively, on a one and three month view.

Nevertheless, the broker added: “We were encouraged by the momentum evident in October’s interim results which showed solid revenue progress, margin expansion, strong cash generation and an attractive DPS uplift.â€

Analysts have left their target price unchanged at 145 pence a share.

At 1:24pm: [LON:NFC] Next Fifteen Communications Group PLC share price was +0.5p at 144p

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