Mobil’nye Telesistemy PAO (NYSE:MBT) Upgraded to “Buy” 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 note published on Friday, Zacks.com reports. Zacks Investment Research currently has $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.

NYSE:MBT traded down $0.13 during mid-day 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. The company has a debt-to-equity ratio of 11.25, a quick ratio of 0.56 and a current ratio of 0.61. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 2.61 and a beta of 1.03. Mobil’nye Telesistemy PAO has a twelve month low of $6.64 and a twelve month high of $9.63. The business has a 50 day simple moving average of $8.48 and a 200 day simple moving average of $8.27.

Mobil’nye Telesistemy PAO (NYSE:MBT) last announced its quarterly earnings data on Tuesday, August 20th. The Wireless communications provider reported $0.22 EPS for the quarter. The firm 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%. As a group, sell-side analysts expect that Mobil’nye Telesistemy PAO will post 0.98 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Mobil’nye Telesistemy PAO by 4.0% during the 2nd quarter. BlackRock Inc. now owns 31,847,810 shares of the Wireless communications provider’s stock valued at $296,502,000 after acquiring an additional 1,222,186 shares during the period. Renaissance Technologies LLC increased its stake in shares of Mobil’nye Telesistemy PAO by 7.5% during the 2nd quarter. Renaissance Technologies LLC now owns 29,739,946 shares of the Wireless communications provider’s stock worth $276,879,000 after purchasing an additional 2,086,350 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Mobil’nye Telesistemy PAO by 36.1% during the 2nd quarter. AQR Capital Management LLC now owns 16,026,665 shares of the Wireless communications provider’s stock worth $149,208,000 after purchasing an additional 4,247,505 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Mobil’nye Telesistemy PAO by 10.9% during the 2nd quarter. Wells Fargo & Company MN now owns 7,054,929 shares of the Wireless communications provider’s stock worth $65,681,000 after purchasing an additional 693,181 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Mobil’nye Telesistemy PAO by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,405,605 shares of the Wireless communications provider’s stock worth $51,886,000 after purchasing an additional 344,984 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.

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