FOCUS: Rostelecom 2020 quotes jump on M&A, MTS firms on divs, Yandex may rise further - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

By Yekaterina Yezhova
MOSCOW, Dec 28 (PRIME) -- The Moscow Exchange’s telecoms index rose by 6.1% in 2020 mostly thanks to robust performance of Rostelecom on the back of acquisition of Tele2 and other firms, while MTS is mainly a dividend-paying stock, analysts said, adding that Yandex still has growth potential.
“The telecom companies managed to maintain the financial results, which is advantageous compared to the other industries,” investment company IC RUSS-INVEST analyst Dmitry Bedenkov told PRIME
He added that the lockdown boosted services and raised the companies’ revenue.
MTS’ ordinary shares accounted for 72.72% of the telecom index weight on December 24, Rostelecom’s ordinary shares for 22.30%, its preferred shares for 2.99%, and the preferred shares of MGTS, controlled by MTS, for 1.99%.

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