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Telecomms performance hard to pin-down

Immature sector keeps analysts guessing

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The telecomms industry is defying the will of the prophets it seems. Stockbrokers and analysts are struggling to make accurate predictions about the fast moving industry according to research released by AQ Publications today. AQ measures the accuracy of analysts forecasts on an ‘accuracy quotient’ scale with a top score of 100. While the average accuracy quotient for stockbrokers is 50, the best score in the telecomms sector was 41.8. Performance forecasts are consistently off target in this sector, the worst being predictions for mobile operator, Orange. Telewest communications and Colt have also defied expectations. AQ says that the industry is hard to predict because the market is made of young fast moving companies, and because of the growth in the mobile and Internet sector, the market is not yet settled. ®

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