Mobily misses Q3 2019 earnings expectations: Riyad Capital

23/10/2019 Argaam

 

The Q3 2019 earnings of Etihad Etisalat (Mobily) missed analysts’ expectations and market consensus due to higher operating expenses, Riyad Capital said in a research note.

 

“Mobily continued the increase of its revenue, thanks to the growth of revenue, business unit and wholesale, in addition to the increase of subscribers,” the note said.

 

Riyad Capital maintained its “Neutral” recommendation for Mobily’s share, without changing the target price of SAR 20 per share.

Riyad Capital - Mobily 23/10/2019

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read