Mobil’nye Telesistemy PAO (MBT) Upgraded by Zacks Investment Research to Hold

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Mobil’nye Telesistemy PAO (NYSE:MBT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, September 18th.

According to Zacks, “MOBILE TELE-ADR mission is to build a integrated mobile communications world, which will bring people together, enrich their lives and open up new horizons, both at work and at home. They will do this by Anticipating on and understanding of our customers’ needs, employing experienced, qualified and highly motivated personnel, introducing new technologies, and enhancing our company’s development. “

Separately, ValuEngine downgraded shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a research note on Friday, June 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Mobil’nye Telesistemy PAO currently has an average rating of “Buy” and an average price target of $12.50.

Shares of MBT traded up $0.19 during trading on Tuesday, reaching $8.12. 2,711,367 shares of the company traded hands, compared to its average volume of 2,881,611. Mobil’nye Telesistemy PAO has a twelve month low of $7.25 and a twelve month high of $12.80. The stock has a market cap of $7.98 billion, a PE ratio of 8.29, a P/E/G ratio of 0.85 and a beta of 1.14. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.86 and a quick ratio of 0.78.

Mobil’nye Telesistemy PAO (NYSE:MBT) last announced its quarterly earnings results on Tuesday, August 21st. The Wireless communications provider reported $0.24 earnings per share for the quarter. The business had revenue of $1.85 billion during the quarter. Mobil’nye Telesistemy PAO had a net margin of 13.43% and a return on equity of 46.93%. As a group, sell-side analysts expect that Mobil’nye Telesistemy PAO will post 0.96 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of Mobil’nye Telesistemy PAO by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 20,820,850 shares of the Wireless communications provider’s stock worth $183,848,000 after buying an additional 1,599,050 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Mobil’nye Telesistemy PAO by 3.4% in the 2nd quarter. Van ECK Associates Corp now owns 7,166,975 shares of the Wireless communications provider’s stock worth $63,284,000 after buying an additional 238,515 shares in the last quarter. Northern Trust Corp boosted its position in shares of Mobil’nye Telesistemy PAO by 2.2% in the 2nd quarter. Northern Trust Corp now owns 5,489,987 shares of the Wireless communications provider’s stock worth $48,477,000 after buying an additional 120,447 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Mobil’nye Telesistemy PAO by 19.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,262,197 shares of the Wireless communications provider’s stock worth $28,805,000 after buying an additional 528,200 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Mobil’nye Telesistemy PAO by 61.6% in the 2nd quarter. Wells Fargo & Company MN now owns 2,794,131 shares of the Wireless communications provider’s stock worth $24,672,000 after buying an additional 1,065,417 shares in the last quarter. 32.83% of the stock is currently owned by institutional investors and hedge funds.

Mobil’nye Telesistemy PAO Company Profile

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. It operates through three segments: Russia Convergent, Moscow Fixed Line, and Ukraine. The company offers voice and data transmission; Internet access; pay TV; and various value added services, including big data, Internet of Things, cloud, financial, and e-commerce services through wireless and fixed lines, as well as sells equipment, accessories, and software.

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