Mail.ru stock news
Mail.ru is a Russian technology company that operates a range of online services, including email, social media, and online gaming. Here are some recent stock news articles about Mail.ru:
Recent Stock Performance:
- Mail.ru's stock (MAIL) has been trading on the London Stock Exchange since 2010. As of March 2023, the stock is trading at around £1.35 per share, down from its 52-week high of £1.83.
- In the past year, Mail.ru's stock has been relatively stable, with a low of £1.14 and a high of £1.83.
Recent News and Developments:
- In February 2023, Mail.ru announced that it had reached an agreement to sell its stake in the Russian online retailer Ozon to the company's management and investors. The deal is valued at around $1.2 billion.
- In January 2023, Mail.ru reported its financial results for the fourth quarter of 2022, which showed a 12% increase in revenue year-on-year to 34.4 billion rubles (around $470 million).
- In December 2022, Mail.ru announced that it had launched a new online gaming platform, Mail.ru Games, which will offer a range of games from popular developers such as Electronic Arts and Ubisoft.
Analyst Views:
- In a recent note, analysts at Deutsche Bank upgraded Mail.ru's stock to "buy" from "hold", citing the company's strong financial performance and growth prospects.
- Analysts at UBS have a "neutral" rating on Mail.ru's stock, citing concerns about the company's exposure to the Russian market and the impact of sanctions on its business.
Industry Trends:
- The online gaming market is growing rapidly, driven by the increasing popularity of online gaming and the rise of cloud gaming services. Mail.ru is well-positioned to benefit from this trend, with its new gaming platform and partnerships with major game developers.
- The Russian technology sector is also growing, driven by government initiatives to promote digitalization and innovation. Mail.ru is a leading player in this sector, with a range of online services and a strong brand presence in Russia.
Overall, Mail.ru's stock has been relatively stable in recent months, but there are signs of growth and optimism about the company's prospects. The online gaming market and the Russian technology sector are both growing rapidly, and Mail.ru is well-positioned to benefit from these trends.