Analysts at Deutsche Bank explain why they think that the Russian antitrust investigation into Google and an overall increasing government control over the Internet space provide potential catalysts for Yandex shares In a report published Wednesday.
The analysts think that the investigation could somehow “break the macro malaise.” The analysts also highlight the importance of FX stabilization, which provides a key element necessary for the shares to bottom.
The Bank forecasts Google to be under considerable spotlight and occupy the headlines as the Russian antitrust investigation goes ahead on Google. The process beginning on April 13 will take around six to nine months.
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