Mobil’nye Telesistemy PAO (NYSE:MBT) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research lowered shares of Mobil’nye Telesistemy PAO (NYSE:MBT) from a hold rating to a sell rating in a research report sent to investors on Friday morning, 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 downgraded shares of Mobil’nye Telesistemy PAO from a hold rating to a sell rating in a research note on Wednesday, July 24th.

Mobil’nye Telesistemy PAO stock opened at $8.22 on Friday. Mobil’nye Telesistemy PAO has a 12-month low of $6.64 and a 12-month high of $9.63. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. The company has a debt-to-equity ratio of 11.25, a current ratio of 0.61 and a quick ratio of 0.56. The firm’s fifty day moving average price is $7.98 and its 200 day moving average price is $8.12.

Mobil’nye Telesistemy PAO (NYSE:MBT) last released its quarterly 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 firm had revenue of $1.94 billion for the quarter. Analysts forecast that Mobil’nye Telesistemy PAO will post 0.95 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in MBT. Bank of Montreal Can increased its stake in Mobil’nye Telesistemy PAO by 1.4% during the 1st quarter. Bank of Montreal Can now owns 333,328 shares of the Wireless communications provider’s stock worth $2,520,000 after buying an additional 4,509 shares during the period. Janus Henderson Group PLC purchased a new stake in Mobil’nye Telesistemy PAO during the 1st quarter worth $299,000. Comerica Bank increased its stake in Mobil’nye Telesistemy PAO by 6.8% during the 1st quarter. Comerica Bank now owns 63,261 shares of the Wireless communications provider’s stock worth $508,000 after buying an additional 4,009 shares during the period. Boston Partners increased its stake in Mobil’nye Telesistemy PAO by 1.3% during the 1st quarter. Boston Partners now owns 258,403 shares of the Wireless communications provider’s stock worth $1,954,000 after buying an additional 3,362 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Mobil’nye Telesistemy PAO by 16.3% during the 1st quarter. Teacher Retirement System of Texas now owns 1,466,316 shares of the Wireless communications provider’s stock worth $11,085,000 after buying an additional 205,979 shares during the period. 30.97% of the stock is currently owned by hedge funds and other institutional investors.

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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