TRADER TIPS

What City insiders are recommending . . .

BUY THIS: Playtech

INVESTEC reiterated a ‘buy’ rating for gaming and sports betting software firm Playtech, but cut its price target from 1120p to 1030p.

Analysts noted that its third-quarter trading update was weak and that bosses were expecting full-year profit to be about 5pc below bottom end of expectations.

However, they believe that the shares have been oversold, having fallen 22pc recently.

SELL THIS: BT

ANALYSTS at Deutsche Bank have put a ‘sell’ rating on BT, stating that while its results are acceptable, major outstanding issues remain.

The telecom firm’s global services division has been hit by an accounting scandal in Italy and it is suffering from a slowdown in demand from multinationals.

Following its quarterly earnings announcement last week, shares were trading at four-year lows.