Mobil’nye Telesistemy PAO (MBT) Downgraded 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 published 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. “

Shares of Mobil’nye Telesistemy PAO stock opened at $8.02 on Friday. The firm has a market cap of $7.49 billion, a PE ratio of 7.64, a PEG ratio of 1.71 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 12 month low of $6.64 and a 12 month high of $10.74.

Mobil’nye Telesistemy PAO (NYSE:MBT) last announced 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 return on equity of 64.15% and a net margin of 1.95%. Sell-side analysts predict that Mobil’nye Telesistemy PAO will post 1.03 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Deutsche Bank AG increased its stake in shares of Mobil’nye Telesistemy PAO by 1.9% during the fourth quarter. Deutsche Bank AG now owns 5,869,794 shares of the Wireless communications provider’s stock valued at $41,087,000 after buying an additional 111,526 shares during the period. Teacher Retirement System of Texas boosted its position in Mobil’nye Telesistemy PAO by 2.8% during the fourth quarter. Teacher Retirement System of Texas now owns 1,260,337 shares of the Wireless communications provider’s stock valued at $8,822,000 after purchasing an additional 34,237 shares in the last quarter. CWM Advisors LLC boosted its position in Mobil’nye Telesistemy PAO by 14.3% during the fourth 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 in the last quarter. Nordea Investment Management AB boosted its position in Mobil’nye Telesistemy PAO by 79.9% during the fourth quarter. Nordea Investment Management AB now owns 461,667 shares of the Wireless communications provider’s stock valued at $3,232,000 after purchasing an additional 205,010 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Mobil’nye Telesistemy PAO by 7,122.3% during the fourth quarter. Millennium Management LLC now owns 1,355,116 shares of the Wireless communications provider’s stock valued at $9,486,000 after purchasing an additional 1,336,353 shares in the last quarter. Hedge funds and other institutional investors own 31.52% 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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