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5 Telecom Stocks With Double-Digit Upside: Frontier Markets

Stocks in this article: CHL CHU TCL T VZ S

Vodafone Qatar (VFQS) is a Qatar-based telecommunications company engaged in the cellular mobile telecommunication services and the sale of mobile-related equipment and accessories. The stock trades on the Doha Stock Exchange.

The company has a 19% market share and a customer base of half a million subscribers. A unit of telecom major Vodafone Group, the company stands to gain from the parent company's experience, expertise and discount rates provided by suppliers on network equipment, IT services and handsets.

The introduction of mobile number portability is expected to benefit Vodafone Qatar in terms of market share, subject to enhancing its network quality. Analysts at JP Morgan Cazenove expect the company to turn earnings before interest, tax, depreciation and amortization positive in the second quarter of fiscal 2011, on a 21% revenue growth.

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