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

Mobil’nye Telesistemy PAO (NYSE:MBT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday, Zacks.com reports. The brokerage presently has a $10.00 target price on the Wireless communications provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 6.50% from the stock’s previous close.

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.

Shares of Mobil’nye Telesistemy PAO stock traded down $0.13 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. The company has a 50 day moving average price of $8.48 and a 200 day moving average price of $8.27. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 11.25. Mobil’nye Telesistemy PAO has a 1 year low of $6.64 and a 1 year high of $9.63. The stock has a market capitalization of $8.38 billion, a P/E ratio of 8.94, a P/E/G ratio of 2.61 and a beta of 1.03.

Mobil’nye Telesistemy PAO (NYSE:MBT) last issued its quarterly earnings data on Tuesday, August 20th. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter. Mobil’nye Telesistemy PAO had a net margin of 1.45% and a return on equity of 95.04%. The firm had revenue of $1.94 billion for the quarter. On average, analysts forecast that Mobil’nye Telesistemy PAO will post 0.98 earnings per share for the current fiscal year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

A number of hedge funds have recently added to or reduced their stakes in MBT. Amundi Pioneer Asset Management Inc. boosted its stake in 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 in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in 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 in the last quarter. Nwam LLC acquired a new stake in Mobil’nye Telesistemy PAO in the 2nd quarter worth approximately $261,000. State of New Jersey Common Pension Fund D boosted its stake in Mobil’nye Telesistemy PAO by 9.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 706,966 shares of the Wireless communications provider’s stock worth $6,582,000 after purchasing an additional 61,700 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Mobil’nye Telesistemy PAO by 98.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 26,362 shares of the Wireless communications provider’s stock worth $245,000 after purchasing an additional 13,068 shares in the last quarter. Institutional investors own 31.82% of the company’s stock.

About Mobil’nye Telesistemy PAO

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.

See Also: Is it Safe to Invest in Commodities?

Get a free copy of the Zacks research report on Mobil’nye Telesistemy PAO (MBT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Leave a Reply

Your email address will not be published. Required fields are marked *

*