Mobil'nye Telesistemy PAO (MBT) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Mobil'nye Telesistemy PAO (NYSE:MBT) from a hold rating to a buy rating in a research report released on Thursday morning. Zacks Investment Research currently has $14.00 target price on the Wireless communications provider’s stock.

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. “

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Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Mobil'nye Telesistemy PAO from a c rating to a b- rating in a research report on Friday, November 17th. Gabelli restated a buy rating on shares of Mobil'nye Telesistemy PAO in a research report on Friday, February 16th. Bank of America upgraded shares of Mobil'nye Telesistemy PAO from a neutral rating to a buy rating in a research report on Wednesday, January 3rd. Deutsche Bank cut shares of Mobil'nye Telesistemy PAO from a buy rating to a hold rating and set a $11.00 price objective for the company. in a research report on Wednesday, December 6th. Finally, Morgan Stanley upgraded shares of Mobil'nye Telesistemy PAO from an equal weight rating to an overweight rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mobil'nye Telesistemy PAO has an average rating of Buy and an average target price of $11.35.

Shares of Mobil'nye Telesistemy PAO (NYSE MBT) opened at $12.18 on Thursday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.93 and a quick ratio of 0.86. The firm has a market cap of $12,118.55, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.00 and a beta of 1.04. Mobil'nye Telesistemy PAO has a 1 year low of $7.76 and a 1 year high of $12.80.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in shares of Mobil'nye Telesistemy PAO by 323.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 34,287 shares of the Wireless communications provider’s stock worth $349,000 after buying an additional 26,185 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Mobil'nye Telesistemy PAO by 39.7% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 158,100 shares of the Wireless communications provider’s stock worth $1,611,000 after buying an additional 44,900 shares during the period. Lake Street Advisors Group LLC acquired a new stake in shares of Mobil'nye Telesistemy PAO during the 4th quarter worth approximately $157,000. Macquarie Group Ltd. grew its position in shares of Mobil'nye Telesistemy PAO by 1.1% during the 4th quarter. Macquarie Group Ltd. now owns 3,718,858 shares of the Wireless communications provider’s stock worth $37,901,000 after buying an additional 40,681 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Mobil'nye Telesistemy PAO by 598.6% during the 4th quarter. Jane Street Group LLC now owns 204,711 shares of the Wireless communications provider’s stock worth $2,086,000 after buying an additional 175,407 shares during the period. Hedge funds and other institutional investors own 31.40% of the company’s stock.

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About Mobil'nye Telesistemy PAO

Mobil’nye Telesistemy PAO is a Russia-based provider of telecommunications services. The Company provides mobile and fixed-line voice and data telecommunications services, including data transfer, broadband, pay-television (pay-TV) and various value-added services, as well as selling equipment and accessories.

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