|Bid||135.06 x 0|
|Ask||135.10 x 0|
|Day's range||1.56 - 136.00|
|52-week range||1.56 - 157.52|
|Beta (5Y monthly)||0.86|
|PE ratio (TTM)||18.28|
|Earnings date||18 May 2021|
|Forward dividend & yield||0.08 (5.83%)|
|Ex-dividend date||17 Dec 2020|
|1y target est||2.01|
Big bets on Tesco, Shell and Vodafone shares could be the keys to winning the third season of the Telegraph's Fantasy Fund Manager competition. Using Tipranks, a website that collates analyst ratings, Telegraph Money has found the FTSE 350 companies attracting the most bullish recommendations from stock market experts. Tesco, the supermarket chain, is top. The £18bn firm did well in the early stages of the pandemic as grocers were one of the few shops permitted to stay open. But the shares have trailed the broader recovery in the British stock market since November, sparked by breakthroughs in the development of coronavirus vaccines. The consensus is that the firm is a “strong buy”, with an average target price of 353p that is 52pc higher than the shares' current price of 232p.
Ericsson (ERIC) provides products and solutions from its Radio System portfolio and Cloud Core for the cloud-native services.
(Bloomberg) -- MTN Group Ltd. values its mobile-money arm at about $5 billion and will consider a listing of the division, joining African wireless carriers trying to monetize a service that is particularly popular on the continent.The move comes after Mastercard Inc. and TPG Holdings LP invested $300 million in Airtel Africa Plc’s mobile-money business at a $2.65 billion value.“With similar valuations to that of Airtel, our valuation would sit at 75 billion rand, or about $5 billion,” said MTN Chief Executive Officer Ralph Mupita. “No decision has been made as yet, but listing will be an option considered if that will be the best approach to unlock value.”Johannesburg-listed MTN has previously said it was looking to spin off its entire fintech business, which includes mobile money. That has been valued by Nedbank Group Ltd. at 87 billion rand ($6 billion), according to a March 26 note, adding the process could take as much as a year.MTN shares traded 1.7% higher at the close in South Africa’s commercial capital, and have gained 48% in the year to date.Mobile money, where users store and manage cash in an account linked to a mobile phone, is one of the fastest-growing sources of income for wireless-network companies operating in sub-Saharan Africa, such as MTN and Vodafone Group Plc- controlled Vodacom Group Ltd. and Safaricom Ltd. The region, which struggles with limited banking infrastructure, has more mobile-money accounts than anywhere else in the world, with about 548 million at the end of 2020, or 54% of all customers, according to the GSMA, the global industry group.Safaricom, based in Nairobi, is the largest mobile-money provider in the region through its M-Pesa service. Potential exists for further growth, with the two most-populous countries, Nigeria and Ethiopia, yet to roll out of the service.MTN’s valuation was reported earlier by the Financial Times.(Updates with Nedbank valuation in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.