Report
Alex Zhao
EUR 101.80 For Business Accounts Only

Mobile TeleSystems is well positioned for long-term growth in Russia's wireless industry.

Mobile TeleSystems reported mixed second-quarter results with weaker revenue growth but better margins. We expect to maintain our $11 per ADR fair value estimate and narrow moat rating. We believe the shares are slightly undervalued but remain very risky. However, for those that want exposure to Russia, we continue to prefer Mobile TeleSystems to VEON.
The firm reported revenue growth of 0.7% versus our full-year estimate of 1.2%. The main reason for the slower revenue growth was the strengtheni...
Underlying
Mobile TeleSystems PJSC Sponsored ADR

Provider
Morningstar
Morningstar

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.

Analysts
Alex Zhao

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