| Company | Tickers | Rating | Target | Analyst |
|---|
| 58.com | WUBA:US | Buy | $75 | Jin Yoon |
| Advanced Info Services | ADVANC:TB | Neutral | ฿187 | Chris Hoare |
| Advanced Micro Devices | AMD:US | Sell | $14 | Pierre Ferragu |
| Alibaba Group | BABA:US | Buy | $234 | Jin Yoon |
| Altice | ATC:NA, ATCB:NA | Buy | €3.20 | Russell Waller |
| Altice USA | ATUS:US | Buy | $28 | Jonathan Chaplin |
| America Movil | AMX:US | Neutral | $15 | Soomit Datta |
| American Tower | AMT:US | Neutral | $167 | Spencer Kurn |
| Apple | AAPL:US | Sell | $170 | Pierre Ferragu |
| Applied Materials | AMAT:US | Buy | $56 | Pierre Ferragu |
| ASML | ASML:AS | Buy | €210 | Pierre Ferragu |
| AT&T | T:US | Neutral | $29 | Jonathan Chaplin |
| Axiata | AXIATA:MK | Buy | RM5.60 | Chris Hoare |
| Baidu | BIDU:US | Buy | $215 | Jin Yoon |
| Bharti Airtel | BHARTI:IN | Buy | ₹580 | Chris Hoare |
| Bharti Infratel | BHIN:IN | Neutral | ₹270 | Chris Hoare |
| British Telecom | BT/A:LN | Buy | £3.15 | James Ratzer |
| Broadcom | AVGO:US | Buy | $370 | Pierre Ferragu |
| Cellnex | CLNX:SM | Neutral | €23.90 | James Ratzer |
| Charter | CHTR:US | Buy | $435 | Jonathan Chaplin |
| China Mobile | 941:HK | Sell | $75 | Chris Hoare |
| China Telecom | 728:HK | Sell | $3.70 | Chris Hoare |
| China Tower | 788:HK | Buy | $2.30 | Chris Hoare |
| China Unicom | 762:HK | Neutral | $11.10 | Chris Hoare |
| Chorus | CNU:NZ | Buy | $6.80 | Ian Martin |
| Chunghwa Telecom | 2412:TT | Sell | $86 | Alastair Jones |
| Cisco | CSCO:US | Neutral | $50 | Pierre Ferragu |
| Comcast | CMCSA:US | Buy | $49 | Jonathan Chaplin |
| Crown Castle | CCI:US | Neutral | $97 | Spencer Kurn |
| Ctrip | CTRP:US | Neutral | $35 | Jin Yoon |
| Deutsche Telekom | DTE:GR | Neutral | €15.40 | Russell Waller |
| Digi.com | 6947, DIGI:MK | Neutral | RM4 | Chris Hoare |
| Digital Realty Trust | DLR:US | Neutral | $115 | Spencer Kurn |
| Digital Telecoms Infra Fund | DIF:TB | Buy | ฿17.40 | Chris Hoare |
| DISH Network | DISH:US | Buy | $175 | Jonathan Chaplin |
| DoCoMo | 9437:JP | Buy | ¥3050 | Chris Hoare |
| Drillisch | DRI:GR | Buy | €61 | Russell Waller |
| Entel Chile | ENTEL:CI | Neutral | $6800 | Soomit Datta |
| Equinix | EQIX:US | Buy | $525 | Spencer Kurn |
| Ericsson | ERIC.B:ST | Neutral | kr85 | Pierre Ferragu |
| Euskaltel | EKT:SM | Neutral | €7.80 | Soomit Datta |
| Far EasTone | 4904:TT | Neutral | $71 | Alastair Jones |
| Freenet | FNTN:GR | Buy | €24 | Russell Waller |
| Global Telecom Holdings | GTHE:EY | Neutral | ج.م8 | Alastair Jones |
| Globe Telecom | GLO:PM | Neutral | ₱1960 | Michael Chambers |
| HKBN | 1310:HK | Buy | $15.10 | Alastair Jones |
| HKT Trust | 6823:HK | Buy | $13.80 | Alastair Jones |
| Hutchison Telecom Hong Kong | 215:HK | Neutral | $3.10 | Alastair Jones |
| Iliad | ILD:FP | Buy | €160 | Russell Waller |
| Indosat | ISAT:IJ | Sell | Rp2040 | Chris Hoare |
| Infineon | IFX:DE | Buy | €26 | Pierre Ferragu |
| Inmarsat | ISAT:LN | Neutral | £5.30 | Andrew Entwistle |
| Intel | INTC:US | Buy | $75 | Pierre Ferragu |
| Inwit | INW:IM | Neutral | €8.20 | James Ratzer |
| iQIYI | IQ:US | Buy | $26 | Jin Yoon |
| Jasmine Infra Fund | JASIF:TB | Buy | ฿18.70 | Chris Hoare |
| Jasmine International | JAS:TB | Neutral | ฿9 | Chris Hoare |
| JD.com | JD:US | Buy | $35 | Jin Yoon |
| KDDI | 9433:JP | Buy | ¥3500 | Chris Hoare |
| KPN | KPN:NA | Buy | €3.40 | Russell Waller |
| KT Corp | KT:US | Neutral | ₩16.50 | Alastair Jones |
| LG | 32640:KS | Neutral | ₩15200 | Alastair Jones |
| Liberty Global | LBTYA:US, LBTYB:US, LBTYK:US | Buy | $44 | James Ratzer |
| LiLAC | LILA:US, LILAB:US, LILAK:US | Buy | $29 | Soomit Datta |
| Linknet | LINK:IJ | Buy | Rp6700 | Chris Hoare |
| Masmovil | MAS:SM | Buy | €26 | Soomit Datta |
| Maxis | MAXIS:MK | Neutral | RM4.80 | Chris Hoare |
| Megacable | MEGACPO:MM | Neutral | $90 | Soomit Datta |
| Megafon | MFON:LI | Neutral | ₽11 | Alastair Jones |
| Meituan Dianping | 3690:HK | Buy | $60 | Jin Yoon |
| Millicom | TIGO:SS | Buy | kr700 | Soomit Datta |
| Mobile TeleSystems | MBT:US | Buy | ₽10.50 | Alastair Jones |
| MTN | MTN:SJ | Buy | R11400 | Alastair Jones |
| MultiChoice Group | MCG:SJ | Buy | R142 | Alastair Jones |
| NetEase Inc. | NTES:US | Neutral | $240 | Jin Yoon |
| NetLink Trust | NETLINK:SP | Neutral | $0.82 | Alastair Jones |
| New Oriental | EDU:US | Buy | $85 | Jin Yoon |
| Nokia | NOKIA:HE | Neutral | €4.60 | Pierre Ferragu |
| NOS | NOS:PL | Buy | €7.40 | Russell Waller |
| NTT | 9432:JP | Buy | ¥7000 | Chris Hoare |
| NVIDIA | NVDA:US | Buy | $200 | Pierre Ferragu |
| Oi | OIBR3:BZ, OIBR4:BZ | Buy | R$2.60 | Soomit Datta |
| Orange | ORA:FP | Neutral | €16 | Russell Waller |
| Orange Belgium | OBEL:BB | Neutral | €17.50 | Russell Waller |
| OTE | HTO:GA | Neutral | €13.80 | Russell Waller |
| Palo Alto Networks | PANW:US | Buy | $300 | Pierre Ferragu |
| PCCW | 8:HK | Buy | $6.10 | Alastair Jones |
| PLDT | TEL:PM | Buy | ₱1900 | Michael Chambers |
| Proximus | PROX:BB | Buy | €31 | Russell Waller |
| PT Telekomunikasi | TLKM:IJ | Buy | Rp5250 | Chris Hoare |
| Rakuten | 4755:JP | Buy | ¥1450 | Chris Hoare |
| Safaricom | SAFCOM:KN | Buy | KSh23 | Alastair Jones |
| Sarana Menara (Protelindo) | TOWR:IJ | Buy | Rp860 | Chris Hoare |
| SBA Communications | SBAC:US | Buy | $204 | Spencer Kurn |
| Sina Corp | SINA:US | Buy | $75 | Jin Yoon |
| SingTel | ST:SP, Z74 | Buy | $4 | Alastair Jones |
| SK Telecom | 17670:KS | Neutral | ₩262000 | Alastair Jones |
| Smartone Telecommunications | 315:HK | Buy | $10.50 | Alastair Jones |
| Softbank | 9984:JP | Buy | ¥14000 | Pierre Ferragu |
| Softbank KK (Corp) | 9434:JP | Buy | ¥1520 | Chris Hoare |
| Spark NZ | SPK:NZ | Neutral | $4 | Ian Martin |
| SpeedCast | SDA:AU | Buy | $4.40 | Ian Martin |
| Spirit Telecom | ST1:AU | Buy | $0.24 | Ian Martin |
| Sprint | S:US | Buy | $6.50 | Jonathan Chaplin |
| Starhub | CC3, STH:SP | Neutral | $2.57 | Alastair Jones |
| Sunrise | SRCG:SW | Neutral | Fr82 | James Ratzer |
| Swisscom | SCMN:SW | Neutral | Fr485 | James Ratzer |
| T-Mobile USA | TMUS:US | Buy | $88 | Jonathan Chaplin |
| Taiwan Mobile | 3045:TT | Neutral | $102 | Alastair Jones |
| TAL Education | TAL:US | Buy | $35 | Jin Yoon |
| TalkTalk | TALK:LN | Neutral | £1.10 | James Ratzer |
| Tele Columbus | TC1:GR | Neutral | €1.50 | Russell Waller |
| Tele2 | TEL2A:SS, TEL2B:SS | Buy | kr150 | Russell Waller |
| Telecom Italia | TIT:IM | Neutral | €0.60 | James Ratzer |
| Telecom Italia Savers | TITR:IM | Neutral | €0.51 | James Ratzer |
| Telefonica | TEF:SM | Buy | €9.40 | Soomit Datta |
| Telefonica Brasil | VIVT3:BZ, VIVT4:BZ | Neutral | $49 | Soomit Datta |
| Telefonica Deutschland | O2D:GR | Neutral | €2.80 | James Ratzer |
| Telekom Austria | TKA:AV | Neutral | €7.90 | James Ratzer |
| Telenet | TNET:BB | Neutral | €42 | James Ratzer |
| Telenor | TEL:NO | Neutral | kr170 | Russell Waller |
| Telesites | SITESB1:MM | Buy | $17.30 | Soomit Datta |
| Televisa | TV:US | Buy | $21 | Soomit Datta |
| TeliaSonera | TELIA:SS | Neutral | kr45 | Russell Waller |
| Telkom SA | TKG:SJ | Neutral | R5320 | Alastair Jones |
| Telstra | TLS:AU | Neutral | $3.30 | Ian Martin |
| Tencent Holdings | 700:HK | Buy | $400 | Jin Yoon |
| Tesla | TSLA:US | Buy | $530 | Pierre Ferragu |
| TIM Participacoes | TIMP3:BZ | Neutral | R$14.50 | Soomit Datta |
| Total Access Communications | DTAC:TB | Sell | ฿32 | Chris Hoare |
| Tower Bersama | TBIG:IJ | Buy | Rp6750 | Chris Hoare |
| TPG Telecom | TPM:AU | Neutral | $6.50 | Ian Martin |
| True Corporation | TRUE:TB | Neutral | ฿7.20 | Chris Hoare |
| Turk Telekom | TTKOM:TI | Buy | ₺9.10 | Alastair Jones |
| Turkcell | TCELL:TI | Buy | ₺16.90 | Alastair Jones |
| Uber | UBER:US | Buy | $50 | Pierre Ferragu |
| United Internet | UTDI:GR | Buy | €54 | Russell Waller |
| Veon | VEON:US | Buy | $4.60 | Alastair Jones |
| Verizon Communications | VZ:US | Neutral | $50 | Jonathan Chaplin |
| Vipshop | VIPS:US | Neutral | $6 | Jin Yoon |
| Vodacom | VOD:SJ | Sell | R11300 | Alastair Jones |
| Vodafone | VOD:LN | Buy | £1.90 | James Ratzer |
| Vodafone Idea | IDEA:IN | Sell | ₹12 | Chris Hoare |
| Weibo Corp | WB:US | Buy | $80 | Jin Yoon |
| XL Axiata | EXCL:IJ | Buy | Rp5200 | Chris Hoare |
