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

Mobil’nye Telesistemy PAO (NYSE:MBT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, 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. “

Shares of MBT opened at $8.09 on Friday. Mobil’nye Telesistemy PAO has a 12-month low of $6.64 and a 12-month high of $10.74. The company has a current ratio of 0.91, a quick ratio of 0.85 and a debt-to-equity ratio of 6.57. The firm has a market capitalization of $7.57 billion, a P/E ratio of 7.70, a PEG ratio of 1.70 and a beta of 1.06.

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 business had revenue of $1.95 billion during the quarter. Mobil’nye Telesistemy PAO had a return on equity of 64.15% and a net margin of 1.95%. As a group, sell-side analysts forecast that Mobil’nye Telesistemy PAO will post 1.03 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank increased its position in shares of Mobil’nye Telesistemy PAO by 2.3% during the 4th quarter. Comerica Bank now owns 59,252 shares of the Wireless communications provider’s stock valued at $487,000 after purchasing an additional 1,307 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Mobil’nye Telesistemy PAO by 22.1% during the 4th quarter. Baillie Gifford & Co. now owns 16,600 shares of the Wireless communications provider’s stock valued at $116,000 after purchasing an additional 3,000 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of 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 last quarter. JFS Wealth Advisors LLC increased its position in shares of 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 last quarter. Finally, CWM Advisors LLC increased its position in shares of Mobil’nye Telesistemy PAO by 14.3% during the 4th quarter. CWM Advisors LLC now owns 41,811 shares of the Wireless communications provider’s stock valued at $293,000 after purchasing an additional 5,229 shares during the last quarter. 31.52% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Call Option Volume

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