Telecoms Stocks are Undervalued, says Odey’s Kelton

European stocks are cheap, but the telecoms sector offers the real value opportunity in the region, says Oliver Kelton of Odey Investment Management

Karen Kwok 11 May, 2017 | 4:17PM
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European stocks are cheap, according to a value investor Oliver Kelton. He told the Morningstar Investment Conference this week that European stocks are trading at a 30% discount to previous market peaks, but warned that not all sectors offer compelling value opportunities.

Telecoms stocks are where Kelton sees the real value opportunity in Europe, as changes are taking place within the sector.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Brook European Focus A GBP Inc30.85 GBP0.36Rating
Orange SA9.33 EUR0.00Rating
Tesco PLC255.47 GBP-0.79Rating
Vivendi SA10.98 EUR0.00Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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