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Mobile momentum at InternetQ

Both InternetQ's mobile marketing and digital music offerings are gaining traction
May 26, 2015

Growing numbers of marketers and brands rely on InternetQ (INTQ) to create targeted, measurable advertising campaigns on mobile devices. The Aim-traded group's Minimob platform and Akazoo digital music service gained traction in the first quarter: combined sales rose 11 per cent, sending group cash profits up 28 per cent to €6.2m (£4.4m).

IC TIP: Buy at 317p

InternetQ continued to tap into less competitive, faster-growing developing markets. It started 10 new mobile ad campaigns in Latin America, launched Akazoo with an Indonesian carrier and renewed its media deal with Sony Mobile in Malaysia.

Broker Canaccord Genuity expects full-year EPS of 42.8¢, rising to 48.4¢ in 2016.