Cairo - Mubasher: Okaz Stockbrokers and Investments downgraded its long term fair value (LTFV)for Orascom Telecom Media and Technology Holding (OTMT) to EGP 0.79/local share and $0.49 GDR from EGP 1.80/local share and $1.18/GDR.

Meanwhile, Okaz revised its recommendation for OTMT from Strong Buy to Hold.

OTMT incurred a consolidated net loss of $56.1 million in 2014 compared to a consolidated net profit of $72.5 million in 2013.

The company also posted consolidated revenues of $382 million in 2014, compared with $359.4 million in 2013.