Zacks Investment Research Downgrades MTS (MBT) to Hold

MTS (NYSE:MBT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

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 also recently issued research reports about the stock. Gabelli reiterated a “buy” rating on shares of MTS in a research note on Friday, February 16th. Bank of America upgraded shares of MTS from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Deutsche Bank downgraded shares of MTS from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research note on Wednesday, December 6th. VTB Capital downgraded shares of MTS from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, Morgan Stanley upgraded shares of MTS from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 22nd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.35.

Shares of MTS (NYSE MBT) opened at $11.38 on Friday. MTS has a 12 month low of $7.76 and a 12 month high of $12.80. The firm has a market cap of $11,392.23, a PE ratio of 11.73, a PEG ratio of 0.59 and a beta of 1.04. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.93.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its position in MTS by 5.0% in the third quarter. Asset Management One Co. Ltd. now owns 104,132 shares of the Wireless communications provider’s stock valued at $1,094,000 after purchasing an additional 5,000 shares during the period. Neuberger Berman Group LLC lifted its position in MTS by 0.7% in the third quarter. Neuberger Berman Group LLC now owns 761,996 shares of the Wireless communications provider’s stock valued at $7,955,000 after purchasing an additional 5,351 shares during the period. Quantbot Technologies LP lifted its position in MTS by 95.1% in the third quarter. Quantbot Technologies LP now owns 19,089 shares of the Wireless communications provider’s stock valued at $199,000 after purchasing an additional 9,303 shares during the period. Eqis Capital Management Inc. acquired a new stake in MTS in the fourth quarter valued at about $104,000. Finally, Visionary Asset Management Inc. acquired a new stake in MTS in the third quarter valued at about $115,000. Institutional investors and hedge funds own 31.40% of the company’s stock.

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About MTS

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.

Analyst Recommendations for MTS (NYSE:MBT)

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