ValuEngine Downgrades MTS (MBT) to Buy

ValuEngine lowered shares of MTS (NYSE:MBT) from a strong-buy rating to a buy rating in a research report released on Monday.

Other equities research analysts have also recently issued research reports about the company. VTB Capital cut MTS from a buy rating to a hold rating in a research note on Tuesday, March 20th. Zacks Investment Research cut MTS from a hold rating to a strong sell rating in a research note on Thursday, April 5th. Gabelli restated a buy rating on shares of MTS in a research note on Friday, February 16th. HSBC upgraded MTS from a hold rating to a buy rating in a research note on Monday, April 2nd. Finally, Bank of America upgraded MTS from a neutral rating to a buy rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $11.35.

Shares of NYSE MBT opened at $9.89 on Monday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.93 and a quick ratio of 0.87. MTS has a twelve month low of $7.76 and a twelve month high of $12.80. The company has a market capitalization of $9,571.47, a price-to-earnings ratio of 10.09, a PEG ratio of 0.50 and a beta of 1.06.



Several institutional investors have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. acquired a new position in MTS during the fourth quarter worth $104,000. Visionary Asset Management Inc. acquired a new position in MTS during the third quarter worth $115,000. Atria Investments LLC acquired a new position in MTS during the fourth quarter worth $118,000. Highstreet Asset Management Inc. acquired a new position in MTS during the fourth quarter worth $129,000. Finally, Stone Ridge Asset Management LLC acquired a new position in MTS during the fourth quarter worth $133,000. Institutional investors and hedge funds own 31.40% of the company’s stock.

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MTS Company Profile

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. The company operates through three segments: Russia Convergent, Moscow Fixed Line, and Ukraine. It offers voice and data transmission, Internet access, pay TV, and various value added services through wireless and fixed lines, as well as sells equipment, accessories, and handsets.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for MTS (NYSE:MBT)

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