" /> " /> " />

Morgan Stanley increases target on Mobily

06 February 2010

Morgan Stanley has moved up its price target on Saudi mobile phone operator, Etihad Etisalat (Mobily) to SR67 from SR65 and said it expects margins to improve, helped by higher share of broadband and postpaid revenues and cost efficiencies, Reuters has reported. The telecom operator was "well positioned to be a winner in the fight for revenue share in Saudi Arabia," the brokerage said.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications