Mobily’s profits below expectation, says Riyad Capital

29/07/2019 Argaam

 

Riyad Capital said that net profit of SAR 38 million posted by Etihad Etisalat Co. (Mobily) in Q2 2019, has missed expectations.

 

The company maintained its “neutral” recommendation for the Mobily share, without modifying its target price at SAR 20.

 

The “neutrality” recommendation means that the total revenue of the share will be between +15 percent and -15 percent.

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