MegaFon Ends Two-Day Decline as Raiffeisenbank Raises From Sell

Updated on
  • Russian wireless carrier offers hedge against oil, bank says
  • Stock has slid 29 percent from this year's high in February

MegaFon PJSC, Russia’s second-largest phone operator, rose for the first time in three days in London as AO Raiffeisenbank raised the stock to hold after the company boosted interim dividends, narrowing the full-year payout gap with its larger competitor Mobile TeleSystems PJSC.

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