Citi Remains a Hold on Medibank Private (MDBPF)
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Pittaway covers the Financial sector, focusing on stocks such as ASX , Insurance Australia Group Limited, and QBE Insurance Group Limited. According to TipRanks, Pittaway has an average return of 3.4% and a 56.35% success rate on recommended stocks.
In addition to Citi, Medibank Private also received a Hold from Macquarie's Andrew Buncombe in a report issued on July 6. However, on July 1, Morgan Stanley upgraded Medibank Private (Other OTC: MDBPF) to a Buy.
Based on Medibank Private's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.39 billion and a net profit of $340.3 million. In comparison, last year the company earned a revenue of $4.09 billion and had a net profit of $343.2 million
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