Notable Reporting: Mobil’nye Telesistemy PAO (ADR) on Focus After Raising In Today’s Session

Notable Reporting: Mobil'nye Telesistemy PAO (ADR) on Focus After Raising In Today's Session

The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) is a huge mover today! About 3.10M shares traded hands or 25.51% up from the average. Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has declined 10.38% since March 29, 2016 and is downtrending. It has underperformed by 13.85% the S&P500.
The move comes after 8 months positive chart setup for the $7.21 billion company. It was reported on Oct, 31 by Barchart.com. We have $9.98 PT which if reached, will make NYSE:MBT worth $2.16B more.

Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) Ratings Coverage

Out of 6 analysts covering Mobile TeleSystems (NYSE:MBT), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Mobile TeleSystems has been the topic of 12 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) earned “Buy” rating by Citigroup on Wednesday, August 19. On Friday, October 21 the stock rating was upgraded by Raiffeisen Centrobank to “Hold”. The company was downgraded on Thursday, March 10 by Citigroup. HSBC downgraded the shares of MBT in a report on Thursday, September 1 to “Hold” rating. HSBC downgraded Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) on Thursday, March 24 to “Hold” rating. The firm has “Hold” rating given on Thursday, March 24 by Deutsche Bank. Credit Suisse initiated the shares of MBT in a report on Monday, June 20 with “Outperform” rating. The firm earned “Buy” rating on Thursday, January 14 by Deutsche Bank.

According to Zacks Investment Research, “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.”

Another recent and important Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) news was published by Benzinga.com which published an article titled: “16 Stocks Moving In Monday’s Pre-Market Session” on October 31, 2016.

MBT Company Profile

Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, incorporated on August 22, 2002, is a well-known provider of telecommunications services. The Firm 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. The Firm operates through divisions, which include Russia convergent, Moscow fixed line and Ukraine. The Company’s Russia Convergent segment includes mobile and fixed line operations, which encompasses services rendered to clients across regions of Russia, including voice and data services, transmission, broadband, pay-TV and other value-added services. The Company’s Moscow fixed line segment includes fixed line activities carried out in Moscow by the Company’s subsidiary MGTS. MGTS holds licenses and regulatory approvals to provide local telephony, interconnect to other operators, Internet, and data transmission and other services. The Company’s Ukraine segment includes mobile and fixed line activities carried out across multiple regions of Ukraine.

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