Analysts Set Mobil’nye Telesistemy PAO (MBT) Target Price at $7.75

Mobil’nye Telesistemy PAO (NYSE:MBT) has received an average rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $7.75.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Saturday, December 29th. ValuEngine lowered shares of Mobil’nye Telesistemy PAO from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 11th.

Shares of NYSE:MBT opened at $7.98 on Friday. The company has a debt-to-equity ratio of 7.00, a current ratio of 0.99 and a quick ratio of 0.92. Mobil’nye Telesistemy PAO has a fifty-two week low of $6.64 and a fifty-two week high of $12.80. The firm has a market cap of $7.46 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.66 and a beta of 1.01.

Mobil’nye Telesistemy PAO (NYSE:MBT) last issued its earnings results on Tuesday, November 20th. The Wireless communications provider reported $0.31 earnings per share for the quarter. Mobil’nye Telesistemy PAO had a net margin of 1.66% and a return on equity of 52.39%. The firm had revenue of $1.95 billion during the quarter. Research analysts anticipate that Mobil’nye Telesistemy PAO will post 0.93 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Global X Management Co LLC increased its position in Mobil’nye Telesistemy PAO by 46.0% during the 2nd quarter. Global X Management Co LLC now owns 34,774 shares of the Wireless communications provider’s stock valued at $307,000 after purchasing an additional 10,961 shares during the period. Standard Life Aberdeen plc increased its position in Mobil’nye Telesistemy PAO by 34.7% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,020,209 shares of the Wireless communications provider’s stock valued at $8,703,000 after purchasing an additional 262,789 shares during the period. Brandes Investment Partners LP increased its position in Mobil’nye Telesistemy PAO by 10.3% during the 3rd quarter. Brandes Investment Partners LP now owns 2,420,268 shares of the Wireless communications provider’s stock valued at $20,645,000 after purchasing an additional 225,069 shares during the period. Wells Fargo & Company MN increased its position in Mobil’nye Telesistemy PAO by 163.0% during the 3rd quarter. Wells Fargo & Company MN now owns 7,347,448 shares of the Wireless communications provider’s stock valued at $62,674,000 after purchasing an additional 4,553,317 shares during the period. Finally, ING Groep NV increased its position in Mobil’nye Telesistemy PAO by 11.9% during the 3rd quarter. ING Groep NV now owns 94,263 shares of the Wireless communications provider’s stock valued at $804,000 after purchasing an additional 10,000 shares during the period. 31.80% of the stock is currently owned by institutional investors.

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.

See Also: Initial Public Offering (IPO)

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