BUZZ-Mobile TeleSystems OAO: Citigroup raises to "buy"

Среда, 7 января 2015 18:44 MSK

** U.S.-listed shares of Russian mobile phone operator up 4.2 pct at $7.22

** Citigroup raises to "buy" from "neutral"

** Of 18 brokerages covering the stock, 6 have a "buy" or higher while 12 have a "hold"

** Oil prices are expected to rise in 2016, and economic sanctions against Russia may be revoked by June 2015, which may benefit the company, Citigroup analysts write

** Stock had fallen by about half since company reported Q3 results on Nov.25