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MTN lowers FY subscriber growth outlook
2015-10-22 13:11:00| Telecompaper Headlines
(Telecompaper) Africa and Middle East mobile operator MTN has cut its guidance for net subscriber additions this year, hurt by required customer registration processes in Nigeria and Cameroon. It now expects to add a net 14.8 million new customers this year, compared to its guidance in June of 16.75 million. In Nigeria, the forecast was cut to 4.5 million from 5.0 million, after MTN already disconnected around 5.1 million Sims in the third quarter for failed registration. The forecast in Cameroon was slashed to 750,000 from 1.15 million. Overall, MTN managed to grow its customer base 0.9 percent quarter-on-quarter in Q3, to a total 233.05 million at the end of September. Mobile Money subscribers reached 36.5 million, up 12.7 percent from three months earlier. Data traffic rose 120 percent year-on-year, and data revenue at constant currency rates was up 27.0 percent, accounting for 23.2 percent of total revenue.
Tags: growth
outlook
subscriber
lowers
Buckingham Research Lowers Skechers USA Price Target to $55.00
2015-10-20 23:34:04| Footwear - Topix.net
Buckingham Research's price objective would indicate a potential upside of 18.31% from the stock's current price. In other news, CEO Robert Greenberg sold 200,000 shares of Skechers USA stock in a transaction that occurred on Friday, September 25th.
Tags: price
research
usa
target
TeliaSonera lowers FY outlook on weakness in Kazakhstan
2015-10-20 08:48:00| Telecompaper Headlines
(Telecompaper) TeliaSonera lowered its outlook for full-year organic EBITDA after reporting a slightly lower result for the third quarter. The company previously expected stable organic revenue and EBITDA this year, but now sees EBITDA coming in slightly lower. In the third quarter, organic sales increased 2.4 percent, while EBITDA excluding one-time items, currency effects and acquisitions and disposals declined 0.9 percent. The operator blamed the decline on its operations in Eurasia, and in particular Kazakhstan where it's suffering from intense price competition. This was offset by positive organic EBITDA growth in its home market Sweden and the rest of Europe. On a reported basis, net sales increased 6.3 percent to SEK 27.029 billion, and adjusted EBITDA rose 3.1 percent to SEK 9.730 billion, leading to a lower margin of 36.0 percent compared to 37.1 a year ago. Net profit improved 12.7 percent to SEK 4.589 billion, while free cash flow fell to SEK 4.699 billion from SEK 6.387 billion, mainly due to delayed dividends from Megafon. TeliaSonera said it expects continued improvement in the region Sweden and Europe in Q4, but Eurasia and Kazakhstan will remain difficult. The company maintained planned capital expenditure this year at SEK 17, excluding licence and spectrum fees.
Tags: outlook
kazakhstan
weakness
lowers
Vetr Inc. Lowers Tyson Foods to Hold
2015-10-20 07:18:31| Food - Topix.net
They presently have a $47.35 price target on the stock. Vetr 's target price would suggest a potential upside of 2.53% from the company's current price.
KLR Group Lowers Continental Resources Price Target to $59.00
2015-10-18 02:37:15| Electronics - Topix.net
KLR Group's target price would suggest a potential upside of 63.80% from the company's previous close. Several other research analysts also recently commented on the stock.
Tags: price
group
resources
target
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