MAROC TELECOM - Post-view: Good shape in the domestic market in Q3 2019 confirmed
- Publication of its operating results in Q3 2019, broadly in line with our forecasts;
- Sharp improvement in EBITDA margins;
- Decrease in the contribution of the International subsidiaries in the financial achievements of the Group;
- Unchanged forecasts for 2019 and 2020, confirming the consolidation of activity pending the activation of new growth drivers;
- Valuation maintained at MAD 149 for a recommendation to hold maintained.
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