Mobil’nye Telesistemy PAO (MBT) Reaches New 1-Year Low at $7.15

Shares of Mobil’nye Telesistemy PAO (NYSE:MBT) hit a new 52-week low on Thursday . The company traded as low as $7.15 and last traded at $7.29, with a volume of 78924 shares traded. The stock had previously closed at $7.59.

A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Mobil’nye Telesistemy PAO from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research raised shares of Mobil’nye Telesistemy PAO from a “sell” rating to a “hold” rating in a report on Saturday, September 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Mobil’nye Telesistemy PAO currently has a consensus rating of “Buy” and an average price target of $14.00.

The stock has a market capitalization of $6.92 billion, a PE ratio of 7.46, a P/E/G ratio of 0.75 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.92 and a debt-to-equity ratio of 7.00.

Mobil’nye Telesistemy PAO (NYSE:MBT) last released its quarterly earnings data on Tuesday, November 20th. The Wireless communications provider reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $1.95 billion during the quarter. Mobil’nye Telesistemy PAO had a net margin of 1.66% and a return on equity of 52.39%. Equities research analysts expect that Mobil’nye Telesistemy PAO will post 0.95 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in MBT. Wells Fargo & Company MN increased its position in Mobil’nye Telesistemy PAO by 163.0% during the 3rd quarter. Wells Fargo & Company MN now owns 7,347,448 shares of the Wireless communications provider’s stock worth $62,674,000 after purchasing an additional 4,553,317 shares in the last quarter. Renaissance Technologies LLC increased its position in Mobil’nye Telesistemy PAO by 15.1% during the 3rd quarter. Renaissance Technologies LLC now owns 23,960,546 shares of the Wireless communications provider’s stock worth $204,383,000 after purchasing an additional 3,139,696 shares in the last quarter. Deutsche Bank AG increased its position in Mobil’nye Telesistemy PAO by 61.1% during the 3rd quarter. Deutsche Bank AG now owns 5,758,268 shares of the Wireless communications provider’s stock worth $49,114,000 after purchasing an additional 2,185,012 shares in the last quarter. FMR LLC increased its position in Mobil’nye Telesistemy PAO by 572.9% during the 3rd quarter. FMR LLC now owns 2,252,332 shares of the Wireless communications provider’s stock worth $19,212,000 after purchasing an additional 1,917,632 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in Mobil’nye Telesistemy PAO by 47.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 3,688,828 shares of the Wireless communications provider’s stock worth $31,465,000 after purchasing an additional 1,188,649 shares in the last quarter. Institutional investors and hedge funds own 32.25% of the company’s stock.

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About Mobil’nye Telesistemy PAO (NYSE:MBT)

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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