NCB Capital affirms ‘neutral’ rating for Zain, sets TP at SAR 11.8

23/04/2015 Argaam

NCB Capital has maintained its “neutral” rating on Zain Saudi following the company’s better-than-expected first-quarter results. 

 

The brokerage firm also raised its target price from SAR 11.6 to SAR 11.8 per share.

 

The kingdom’s third-largest mobile operator posted a SAR 257 million loss during the period, less than the SAR 270 million loss analysts had forecast.

 

The company witnessed a year-on-year increase of 8.6 percent in revenues, as well as a 23.3 percent jump in the number of subscribers​.​

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.