Rostelecom IR Newsletter 2021.10

October 2021

Monthly IR News

In October Rostelecom:

• launched a new Tier III data center in Moscow
• integrated predictive data science analytics to provide bespoke business solutions for SMEs
• acquired a leading public services digitisation developer

Monthly IR Events

• RaiffeisenBank increased the TP for Rostelecom's shares from RUB 105.4 to RUB 128.5 per ordinary share. BUY recommendation was reiterated.
• UBS updated its TP for Rostelecom's ordinary shares and set it at RUB 100 per share, while maintaining the NEUTRAL rating.

Future Events

• November 9th, 2021 -3q2021 consolidated IFRS results
• November 16th, 2021 - Rostelecom Analyst Day

Analyst Recommendations

	Ordinary	Preferred	Last Revision
	Target Price	Recomm	Target Price	Recomm	Date
Xtellus Capital	145.0	BUY	120.0	BUY	27/01/21
Gazprombank	132.0	O/W	116.0	O/W	22/04/21
RaiffeisenBank	128.5	BUY			18/10/21
ATON	128.0	O/P	95.0	NEUTRAL	09/12/20
OLMA	127.9	BUY	102.3	HOLD	12/11/20
SOVA Capital	125.0	BUY	110.0	BUY	10/08/21
WOOD & Co	117.7	BUY			10/08/20
Renaissance Capital	122.0	HOLD	110.0	HOLD	02/02/21
BCS	120.0	HOLD	110.0	HOLD	10/08/21
Morgan Stanley	113.0	E/W			17/05/21
Uralsib	$1.50	HOLD			05/07/16
Sberbank CIB	101.0	HOLD	101.0	BUY	06/08/20
HSBC	100.0	HOLD			24/01/21
UBS	100.0	NEUTRAL			26/10/21
Citi	99.0	NEUTRAL	79.0	SELL	19/11/20
JP Morgan	105.0	U/W	95.0	U/W	05/08/21
Goldman Sachs	90.0	SELL			28/09/21
Median	RUB 117.7		RUB 106.2
Average	RUB 115.6		RUB 103.8

For more information please visit www.company.rt.ru/en/ir/

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