Mobile TeleSystems' 2016 Results a Bit Weak, but Raising FVE Due to Ruble Appreciation
Mobile TeleSystems reported 2016 results that were a bit weak, but we expect to increase our fair value estimate by about 10% to account for a similar strengthening of the ruble versus the dollar. Our narrow moat rating is intact, and we believe the shares are fairly valued. The firm reported revenue grew 2.1% year over year versus our projection of 5.3%. The differential was partially due to lower revenue from Ukraine and Turkmenistan when translated into rubles, which appreciated in the fourth...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.