MBT - Mobile TeleSystems: It Stays Strong But Forget About Revenue Growth
Source: Tony Stoddard on Unsplash
Mobile TeleSystems (or MTS) (MBT) performed slightly better than expected in Q1, beating the consensus forecast on revenue by 1.7%. Indeed, the telecommunications sector looks stable in the context of the pandemic. Nonetheless, the economic headwinds will ultimately pressurize revenue growth, and this is already reflected in the updated guidance of MTS.
If you're looking for a quasi-bond stock that pays dividends with attractive yields, MTS is still one of the best candidates to consider in the Russian market. However, the company doesn't have a tremendous upside or the potential