According to a survey by Freedom Broker, analysts have lowered the target share price for Kazakhtelecom by 8.2%, from $95.70 to $87.85. This estimation is based on the operator’s latest quarterly report, which experts have read as moderately negative. Despite this, analysts recommend investors hold the stock as its price can go up soon.

Analysts worsen their outlook for Kazakhtelecom, keeping hope that the stock will grow anyway

The Ministry of National Economy has added Mobile Telecom Service LLC to the list of entities that must be transferred to the private sector before 2025. Mobile Telecom runs two mobile operators, Tele2 and Altel, and belongs to Kazakhtelecom. The corresponding adjustments in the document were published on the legalacts.egov.kz website.

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Analysts worsen their outlook for Kazakhtelecom, keeping hope that the stock will grow anyway

Kazakhtelecom to sell Tele2 by the end of this year