Saudi Fransi Capital affirms ‘sell’ on Mobily

22/04/2015 Argaam
Saudi Fransi Capital maintained a “sell” recommendation on Etihad Etisalat Co. (Mobily), setting its price target at SAR 30. 
 
The mobile operator reported a set of negative and weaker-than-expected figures, with a net loss of SAR 199 million for the first quarter.
 
The stock may see more pressure, due to the uncertain profit outlook going forward, the investment firm added. 

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