Riyadh Capital has upgraded Saudi Telecom Solution Company to "buy" with a target price of 320 riyals.

Riyadh capital analyst Abdulrahman Baghout has upgraded his rating on the Arab Internet and communication services company from "Neutral" to "Buy". He has set a target price of 320 riyals, representing a 33% upside potential from the stock's latest price. In the quarterly earnings announced by Saudi Telecommunication Solutions Company on July 27, revenue exceeded expectations but sales were below forecast.