The Top Under-the-Radar 5G Stock to Buy Now
Mobile TeleSystems (NYSE: MBT) is the biggest telecommunications provider in Russia, with more than 78.9 million users at the end of the second quarter of 2021. The company (known in its home market as Mobil'nye Telesistemy) has experienced phenomenal growth over the past year, with revenue up 10.7% year over year in Q2 to 128.6 billion rubles, and net income coming in hot with a growth rate of 53.6% to 17.1 billion rubles. (On Tuesday afternoon, the exchange rate was about 73.75 rubles to $1.)
However, Mobile TeleSystems' stock price does not reflect these fundamental improvements. It's trading at a mere 8.3 times earnings, even though its cash flows are sufficient for dividends amounting to an attractive yield of 10.7% at current share prices. What's more, the company is deploying a 5G network across Russia. Here's why investors who open stakes in the telecom now could be rewarded handsomely.
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Source Fool.com
