Mobil’nye Telesistemy PAO (NYSE:MBT) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Mobil’nye Telesistemy PAO (NYSE:MBT) from a hold rating to a buy rating in a research report released on Friday, Zacks.com reports. They currently have $10.00 target price on the Wireless communications provider’s stock.

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 sell rating to a strong sell rating in a research report on Friday, November 1st.

MBT stock traded down $0.13 during trading on Friday, reaching $9.39. The stock had a trading volume of 4,183,719 shares, compared to its average volume of 2,965,085. Mobil’nye Telesistemy PAO has a 1-year low of $6.64 and a 1-year high of $9.63. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 11.25. The company has a market capitalization of $8.38 billion, a P/E ratio of 8.94, a PEG ratio of 2.61 and a beta of 1.03. The firm has a fifty day moving average price of $8.48 and a 200 day moving average price of $8.27.

Mobil’nye Telesistemy PAO (NYSE:MBT) last released its earnings results on Tuesday, August 20th. The Wireless communications provider reported $0.22 earnings per share for the quarter. The company had revenue of $1.94 billion during the quarter. Mobil’nye Telesistemy PAO had a net margin of 1.45% and a return on equity of 95.04%. Sell-side analysts predict that Mobil’nye Telesistemy PAO will post 0.98 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBT. Amundi Pioneer Asset Management Inc. increased its position in shares of Mobil’nye Telesistemy PAO by 2.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,919,543 shares of the Wireless communications provider’s stock worth $14,511,000 after purchasing an additional 49,424 shares during the last quarter. NN Investment Partners Holdings N.V. increased its position in shares of Mobil’nye Telesistemy PAO by 75.7% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 36,900 shares of the Wireless communications provider’s stock worth $343,000 after purchasing an additional 15,900 shares during the last quarter. Nwam LLC bought a new stake in shares of Mobil’nye Telesistemy PAO during the 2nd quarter valued at about $261,000. State of New Jersey Common Pension Fund D grew its position in shares of Mobil’nye Telesistemy PAO by 9.6% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 706,966 shares of the Wireless communications provider’s stock valued at $6,582,000 after buying an additional 61,700 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Mobil’nye Telesistemy PAO by 98.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 26,362 shares of the Wireless communications provider’s stock valued at $245,000 after buying an additional 13,068 shares during the last quarter. 31.82% of the stock is owned by institutional investors.

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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