Rostelecom is a stable and growing business
Rostelecom demonstrates consistently high financial performance and regularly pays dividends. The company has adapted to the sanctions and continues to cover the regions of the country with high-quality mobile communications and the Internet. The dividend yield on Rostelecom's preferred shares is 9%.
TAKE PROFIT
After the dividend cutoff, Rostelecom's preferred shares fell by 20%, while breaking through the uptrend and support at the level of 66 rubles. During the month, the paper traded sideways, forming a double bottom figure, from which it went up, gaining a foothold on the uptrend and support, which is a strong signal for the continuation of the upward movement. We believe that the securities will continue to move to the level of 75 rubles, which implies a movement of 10% from the current price of 68.7 rubles.
STOP LOSS
Do not forget about risk management. If the price is fixed below 67 rubles, the scenario with further growth of the paper is canceled. The stop order[1] can be placed at the level of 66.5 rubles (-3% of the current price of 68.5 rubles).
[1] Risk management includes: setting a certain type of stop loss at certain levels, a position set method, a position reduction method, holding certain timings for decision-making and is of an individual nature, based on your personal risk profile. If you have any questions, you can contact our trader for advice (Portfolio Consultant package at the link https://eraperemen.info/priobresti/).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
