Mobil’nye Telesistemy PAO (MBT) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Mobil’nye Telesistemy PAO (NYSE:MBT) from a buy rating to a hold rating in a report issued on Saturday morning, Zacks.com reports.

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. “

MBT stock opened at $7.93 on Friday. The company has a market cap of $7.50 billion, a PE ratio of 7.55, a PEG ratio of 1.70 and a beta of 1.06. The company has a debt-to-equity ratio of 6.57, a quick ratio of 0.85 and a current ratio of 0.91. Mobil’nye Telesistemy PAO has a one year low of $6.64 and a one year high of $10.74.

Mobil’nye Telesistemy PAO (NYSE:MBT) last released its quarterly earnings results on Tuesday, March 19th. The Wireless communications provider reported $0.28 EPS for the quarter. The firm had revenue of $1.95 billion for the quarter. Mobil’nye Telesistemy PAO had a net margin of 1.95% and a return on equity of 64.15%. Analysts forecast that Mobil’nye Telesistemy PAO will post 1.03 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Mobil’nye Telesistemy PAO by 8.8% in the 4th quarter. BlackRock Inc. now owns 29,864,822 shares of the Wireless communications provider’s stock valued at $209,053,000 after purchasing an additional 2,420,039 shares during the last quarter. Deutsche Bank AG increased its holdings in Mobil’nye Telesistemy PAO by 1.9% in the 4th quarter. Deutsche Bank AG now owns 5,869,794 shares of the Wireless communications provider’s stock valued at $41,087,000 after purchasing an additional 111,526 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Mobil’nye Telesistemy PAO by 262.5% in the 4th quarter. Acadian Asset Management LLC now owns 4,092,791 shares of the Wireless communications provider’s stock valued at $28,650,000 after purchasing an additional 2,963,687 shares during the last quarter. Brandes Investment Partners LP increased its holdings in Mobil’nye Telesistemy PAO by 60.6% in the 4th quarter. Brandes Investment Partners LP now owns 3,886,078 shares of the Wireless communications provider’s stock valued at $27,203,000 after purchasing an additional 1,465,810 shares during the last quarter. Finally, Barings LLC acquired a new stake in Mobil’nye Telesistemy PAO in the 4th quarter valued at approximately $24,942,000. 31.52% of the stock is currently owned by hedge funds and other institutional investors.

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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