Mobil’nye Telesistemy PAO (MBT) Shares Rating Boosted by ValuEngine

Mobil’nye Telesistemy PAO (MBT) Shares Rating Boosted  by ValuEngine

Mobil’nye Telesistemy PAO (NYSE:MBT) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Wednesday.

Separately, Zacks Investment Research raised Mobil’nye Telesistemy PAO from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Mobil’nye Telesistemy PAO currently has an average rating of “Buy” and a consensus price target of $14.00.

Shares of MBT stock opened at $7.40 on Wednesday. Mobil’nye Telesistemy PAO has a twelve month low of $7.15 and a twelve month high of $12.80. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 0.77 and a beta of 1.11. The company has a debt-to-equity ratio of 7.00, a current ratio of 0.99 and a quick ratio of 0.92.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBT. Wells Fargo & Company MN raised its position in shares of Mobil’nye Telesistemy PAO by 163.0% in 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 acquiring 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 valued at $204,383,000 after buying 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 valued at $49,114,000 after buying 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 valued at $19,212,000 after buying 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 valued at $31,465,000 after buying an additional 1,188,649 shares in the last quarter. 32.25% of the stock is owned by hedge funds and other 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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