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(Updates) * Shares of Australia's Superloop rise as much as 4.6% to A$2.5, logging their biggest intraday pct gain since August 19 * Analysts at Jefferies initiate coverage of telecom co with "buy" rating and price target of A$3.6/share * Brokerage views that SLC has underperformed within ordinaries index in last quart
* Analysts at Jefferies initiate coverage of Superloop with a "buy" rating at a price target of A$3.60 per share * Brokerage views that SLC has underperformed within ordinaries index in last quarter as investors stay concerned about domestic competitors such as Telstra, Optus and foreign entrants like SpaceX's Starlink