Riyadh-Mubasher: Saudi Fransi Capital (SFC) recommended ‘Hold’ on Mobily and Zain KSA, setting their price targets at SAR 23.1 and SAR 5.3, respectively.
SFC placed a ‘Buy’ recommendation on Saudi Telecom Co. (STC), setting its price target at SAR 77, with upside potential of 26.3% to the stock price of SAR 64.4 on the report date.
The research firm picked STC as its top pick in the local telecom sector, with the stock forecasted to reach its price target and expected dividend yield of 6.7% for 2016.
