Mobil’nye Telesistemy PAO (NYSE:MBT) Lifted to “Sell” at ValuEngine

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ValuEngine upgraded shares of Mobil’nye Telesistemy PAO (NYSE:MBT) from a strong sell rating to a sell rating in a research note published on Saturday morning, ValuEngine reports.

A number of other research firms have also weighed in on MBT. Zacks Investment Research lowered Mobil’nye Telesistemy PAO from a buy rating to a hold rating in a research note on Thursday, June 4th. Goldman Sachs Group raised Mobil’nye Telesistemy PAO from a neutral rating to a buy rating in a research note on Friday, March 20th. BCS lowered Mobil’nye Telesistemy PAO from a buy rating to a hold rating in a research note on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Mobil’nye Telesistemy PAO from $12.00 to $11.00 and set an overweight rating for the company in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $10.50.

NYSE MBT opened at $9.19 on Friday. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 9.21. The business has a 50-day moving average price of $9.12 and a 200-day moving average price of $9.25. Mobil’nye Telesistemy PAO has a twelve month low of $6.20 and a twelve month high of $11.00.

Mobil’nye Telesistemy PAO (NYSE:MBT) last released its quarterly earnings data on Monday, June 1st. The Wireless communications provider reported $9.99 earnings per share for the quarter, missing analysts’ consensus estimates of $13.20 by ($3.21). The business had revenue of $1.80 billion during the quarter. Mobil’nye Telesistemy PAO had a return on equity of 128.57% and a net margin of 10.70%. Research analysts expect that Mobil’nye Telesistemy PAO will post 0.93 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of MBT. Amundi Pioneer Asset Management Inc. raised its position in Mobil’nye Telesistemy PAO by 2.6% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,919,543 shares of the Wireless communications provider’s stock valued at $14,511,000 after purchasing an additional 49,424 shares during the period. US Bancorp DE raised its position in Mobil’nye Telesistemy PAO by 157.2% during the fourth quarter. US Bancorp DE now owns 3,143 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 1,921 shares during the period. Victory Capital Management Inc. raised its position in Mobil’nye Telesistemy PAO by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 45,908 shares of the Wireless communications provider’s stock valued at $468,000 after purchasing an additional 1,518 shares during the period. Natixis Advisors L.P. raised its position in Mobil’nye Telesistemy PAO by 3.5% during the fourth quarter. Natixis Advisors L.P. now owns 69,304 shares of the Wireless communications provider’s stock valued at $703,000 after purchasing an additional 2,356 shares during the period. Finally, Quantbot Technologies LP raised its position in Mobil’nye Telesistemy PAO by 2,231.7% during the fourth quarter. Quantbot Technologies LP now owns 27,910 shares of the Wireless communications provider’s stock valued at $283,000 after purchasing an additional 26,713 shares during the period. Institutional investors and hedge funds own 32.05% 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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