SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community
 
| More

TMCNet:  Hermes upgrades Telecom Egypt fair value to LE 17.3/share [Arab Finance (Egypt)]

[December 20, 2012]

Hermes upgrades Telecom Egypt fair value to LE 17.3/share [Arab Finance (Egypt)]

(Arab Finance (Egypt) Via Acquire Media NewsEdge) Arab Finance ETEL : EFG-Hermes increased, in a recent study, Telecom Egypt ( ) fair value (FV) by 6 % to LE 17.30 per share, mainly on higher valuation for i) the Cable System (within the fixed-line segment) and ii) TE Data. Hermes added that, it reiterated Buy rating on the stock with a 32% upside potential. On the other hand, Hermes stated that, its valuation for Vodafone Egypt (VFE), however, drops by 11% on lower revenue forecasts.



(c) 2012 Arab Finance Brokerage Company All rights reserved. Provided by Syndigate.info an Albawaba.com company

[ Back To middleeast.tmcnet.com.com's Homepage 's Homepage ]






Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.