Zacks Investment Research Upgrades Mobil’nye Telesistemy PAO (NYSE:MBT) to Hold

Mobil’nye Telesistemy PAO (NYSE:MBT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, 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. “

Separately, ValuEngine lowered shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th.

MBT stock opened at $8.63 on Wednesday. Mobil’nye Telesistemy PAO has a 12-month low of $6.64 and a 12-month high of $9.63. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 11.25. The company has a market cap of $7.74 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 2.41 and a beta of 1.00. The company has a 50 day moving average of $8.23 and a two-hundred day moving average of $8.20.

Mobil’nye Telesistemy PAO (NYSE:MBT) last released its earnings results on Tuesday, August 20th. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter. Mobil’nye Telesistemy PAO had a net margin of 1.45% and a return on equity of 95.04%. The company had revenue of $1.94 billion during the quarter. On average, research analysts anticipate that Mobil’nye Telesistemy PAO will post 0.95 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Mobil’nye Telesistemy PAO by 2.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,959,149 shares of the Wireless communications provider’s stock worth $18,240,000 after purchasing an additional 42,300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Mobil’nye Telesistemy PAO by 68.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 537,303 shares of the Wireless communications provider’s stock worth $5,002,000 after purchasing an additional 219,000 shares during the last quarter. Aviva PLC increased its stake in shares of Mobil’nye Telesistemy PAO by 295.7% during the 2nd quarter. Aviva PLC now owns 618,554 shares of the Wireless communications provider’s stock worth $5,759,000 after purchasing an additional 462,235 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Mobil’nye Telesistemy PAO by 1,552.6% during the 2nd quarter. TD Asset Management Inc. now owns 171,321 shares of the Wireless communications provider’s stock worth $1,595,000 after purchasing an additional 160,954 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of Mobil’nye Telesistemy PAO by 3.8% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 81,207 shares of the Wireless communications provider’s stock worth $756,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 31.87% 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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