Mobil’nye Telesistemy PAO (MBT) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Mobil’nye Telesistemy PAO (NYSE:MBT) from a hold rating to a sell rating in a research note published on Friday morning.

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 lowered Mobil’nye Telesistemy PAO from a sell rating to a strong sell rating in a research note on Tuesday, December 11th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $7.75.

Shares of MBT opened at $7.61 on Friday. Mobil’nye Telesistemy PAO has a 12 month low of $6.64 and a 12 month high of $12.80. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of 7.00. The firm has a market cap of $7.12 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 1.52 and a beta of 1.09.

Mobil’nye Telesistemy PAO (NYSE:MBT) last issued its quarterly earnings data on Tuesday, November 20th. The Wireless communications provider reported $0.31 EPS for the quarter. Mobil’nye Telesistemy PAO had a return on equity of 52.39% and a net margin of 1.66%. The firm had revenue of $1.95 billion during the quarter. Analysts forecast that Mobil’nye Telesistemy PAO will post 0.42 earnings per share for the current year.

Several large investors have recently bought and sold shares of MBT. JFS Wealth Advisors LLC grew 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 acquiring an additional 4,006 shares during the period. TD Asset Management Inc. acquired a new stake in shares of Mobil’nye Telesistemy PAO during the 4th quarter valued at about $71,000. Cigna Investments Inc. New acquired a new stake in shares of Mobil’nye Telesistemy PAO during the 4th quarter valued at about $90,000. Stevens Capital Management LP acquired a new stake in shares of Mobil’nye Telesistemy PAO during the 4th quarter valued at about $109,000. Finally, Baillie Gifford & Co. acquired a new stake in shares of Mobil’nye Telesistemy PAO during the 3rd quarter valued at about $116,000. Hedge funds and other institutional investors own 32.21% of the company’s stock.

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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