Doha – Mubasher: Qatar National Bank (QNB) increased the price target (PT) of Vodafone Qatar by 16.45% to QAR 8.50 from QAR 7.30, according to a statement.
The PT is 10.1% less than the stock’s trading price, which stands at QAR 9.45.
QNB expected the telecom operator to distribute QAR 1.9 per share in 2017 and QAR 2.7 per share in 2018.
The company’s revenues are likely to decline from QAR 2.12 billion by the end of 2016 to reach QAR 2.08 billion in 2017, QNB added.
