Emirates Integrated Telecommunications Company is an earnings powerhouse.
The company, also known as du, is a top pick among telecommunications stocks for next year, with its continued strength in earnings, low valuations and prospects for dividends.
"We continue to favour single-country telecoms operators, focused on organic growth opportunities, coupled with increasing free cash flows and dividends," said Simon Simonian, an analyst at Shuaa Capital, based in Dubai. "The number two telecoms player in the UAE" meets this criteria, he added.
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