Uzbektelecom Shares Surge More Than Tenfold In 2026

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 21. Shares of Uzbekistan's national telecommunications operator Uztelecom climbed to a record 20,499 soums (about $1,70) during trading, gaining 7.9% in a single session, as the stock continued its strong rally on the domestic market.

This was reflected in the statement by KAP DEPO.

By the end of the trading session, the shares had retreated and stabilized at around 20,000 soums (around $0,0017), according to the reported market data.

According to Trend 's calculations, the peak price of 20,499 soums (about $1,70) represented an increase of approximately 1,501 soums (approx. $0,12) from the previous session's implied price of around 18,998 soums (around $1,58).

Since the beginning of 2026, Uztelecom shares have increased approximately 10.5-fold, while their value has risen 11.4% over the past 30 days. Over the past 12 months, the shares have gained approximately 10.3-fold.

Based on the reported multiples, the implied share price at the beginning of 2026 was approximately 1,952 soums (approx. $0,16), while the price 12 months earlier was around 1,990 soums (about $0,17). The 30-day increase suggests a price of approximately 18,399 soums (around $1,53) at the beginning of that period.

Uztelecom is Uzbekistan's national telecommunications operator, providing fixed-line and mobile communications, broadband internet, digital television and cloud services. The company serves more than 10 million individual and corporate customers and plays a key role in the country's digital infrastructure.

The company reported revenue of 10.51 trillion soums (around $872.6 million) in 2025, up from 8.96 trillion soums (approx. $743.9 million) in 2024. Its net profit reached 590.91 billion soums, compared with 41.63 billion soums (about $3.4 million) a year earlier, according to published financial data.

The stock's price performance reflects changes in its market valuation, although share-price gains alone do not establish the underlying reasons for investor demand.

MENAFN20102026000187011040ID1111840241