According to a survey of analysts by Freedom Broker, the consensus target price for Kazakhtelecom shares has been revised lower 8.2%, from $95.70 per share to $87.85 per share. This is driven by the operator’s latest quarterly report, which analysts interpreted as moderately downbeat. Even so, they rate the stock a "hold."

Analysts cut Kazakhtelecom target price, keep neutral stance amid weak earnings

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.