ETIHAD ETISALAT
7020
-1.70%
52.10
-0.90
7020
AlJazira Capital, the investment arm of Bank AlJazira, stated that Mobily’s Q1-14 financial results showed a deviation of 2.8% from its expectation.
AlJazira reiterated its ‘Overweight’ rating for the stock, with an upside potential of 7.5% from the current market prices of SAR 97.49 (as of April 21, 2014).
The research firm maintained its 12-month price target at SAR 105.0.
The company’s expected 2014 net profit is SAR 7.18 billion (SAR 9.32 a share), according to AlJazira.
The telco reported SAR 1,340 million net earnings for the first quarter of 2014, compared with SAR 1,400 million a year earlier, a rise of 4.48%.
AlJazira reiterated its ‘Overweight’ rating for the stock, with an upside potential of 7.5% from the current market prices of SAR 97.49 (as of April 21, 2014).
The research firm maintained its 12-month price target at SAR 105.0.
The company’s expected 2014 net profit is SAR 7.18 billion (SAR 9.32 a share), according to AlJazira.
The telco reported SAR 1,340 million net earnings for the first quarter of 2014, compared with SAR 1,400 million a year earlier, a rise of 4.48%.
Source:
Mubasher