Mobil’nye Telesistemy PAO (MBT) Shares Gap Down to $7.61

Mobil’nye Telesistemy PAO (NYSE:MBT) shares gapped down prior to trading on Monday . The stock had previously closed at $7.36, but opened at $7.61. Mobil’nye Telesistemy PAO shares last traded at $7.69, with a volume of 1927133 shares changing hands.

Several research analysts have recently commented on MBT shares. Zacks Investment Research lowered shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a report on Friday, February 8th. ValuEngine raised shares of Mobil’nye Telesistemy PAO from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 5th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Mobil’nye Telesistemy PAO currently has a consensus rating of “Hold” and a consensus price target of $7.75.

The company has a current ratio of 0.99, a quick ratio of 0.92 and a debt-to-equity ratio of 7.00. The firm has a market cap of $7.29 billion, a P/E ratio of 7.96, a PEG ratio of 1.52 and a beta of 1.09.

Mobil’nye Telesistemy PAO (NYSE:MBT) last posted its earnings results on Tuesday, November 20th. The Wireless communications provider reported $0.31 earnings per share (EPS) for the quarter. The firm 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%. Research analysts predict that Mobil’nye Telesistemy PAO will post 0.42 EPS for the current year.

A number of institutional investors have recently bought and sold shares of MBT. JFS Wealth Advisors LLC boosted its stake in Mobil’nye Telesistemy PAO by 397.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 5,014 shares of the Wireless communications provider’s stock valued at $35,000 after purchasing an additional 4,006 shares during the period. TD Asset Management Inc. acquired a new position in Mobil’nye Telesistemy PAO during the 4th quarter valued at about $71,000. Cigna Investments Inc. New acquired a new position in Mobil’nye Telesistemy PAO during the 4th quarter valued at about $90,000. Employees Retirement System of Texas acquired a new position in Mobil’nye Telesistemy PAO during the 4th quarter valued at about $95,000. Finally, CIBC Asset Management Inc boosted its stake in Mobil’nye Telesistemy PAO by 24.9% during the 4th quarter. CIBC Asset Management Inc now owns 15,085 shares of the Wireless communications provider’s stock valued at $106,000 after purchasing an additional 3,004 shares during the period. 32.21% of the stock is owned by hedge funds and other institutional investors.

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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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