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Tuesday, February 2, 2010

Beltone sets target price for "Orascom Telecom" at 7.69 pounds

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Beltone set target price, "Orascom Telecom" at 7.69 pounds (after the capital increase), and recommended neutral on the stock. She estimated that the total income of 5.008 billion dollars in 2009, an annual decline of 6% on 2008 revenues of $ 5.32 billion dollars. Beltone also expects to report revenue of 1.23 billion Dolarvy the fourth quarter of 2009, a decrease of 5% compared to $ 1.3 billion in the fourth quarter of 2008. Beltone expected to reach total number of mobile subscribers to 88.4 million by the end of December 2009 an annual increase of 16.2%, compared with 78 million at the end of December 2008. Beltone also predicted that earnings before deducting interest, taxes, depreciation and amortization of $ 2.227 billion to a profit margin before interest, taxes, depreciation and amortization of 44.5%, down an annual rate of 9.1% compared to 2008, which reached 2.450 billion dollars. They also predicted that earnings before interest, taxes, depreciation and amortization in the fourth quarter of 2009 to 550 million dollars, down an annual rate of 18.8%, compared to $ 678 million in the fourth quarter of 2008

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