Price Change to Note: What Will Happen to Mobil’nye Telesistemy PAO (ADR) Next? The Stock Just Increased A Lot

Price Change to Note: What Will Happen to Mobil'nye Telesistemy PAO (ADR) Next? The Stock Just Increased A Lot

The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) is a huge mover today! The stock increased 4.79% or $0.35 on November 23, hitting $7.66. Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has declined 15.27% since April 22, 2016 and is downtrending. It has underperformed by 20.67% the S&P500.
The move comes after 6 months positive chart setup for the $7.42 billion company. It was reported on Nov, 24 by Barchart.com. We have $7.97 PT which if reached, will make NYSE:MBT worth $296.80M more.

Analysts await Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) to report earnings on March, 20.

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

Out of 6 analysts covering Mobile TeleSystems (NYSE:MBT), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Mobile TeleSystems has been the topic of 13 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, January 14 by Deutsche Bank. The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has “Hold” rating given on Thursday, March 24 by HSBC. Citigroup upgraded the shares of MBT in a report on Wednesday, August 19 to “Buy” rating. The rating was initiated by Credit Suisse with “Outperform” on Monday, June 20. Deutsche Bank downgraded the shares of MBT in a report on Thursday, March 24 to “Hold” rating. The rating was downgraded by HSBC on Thursday, September 1 to “Hold”. The company was upgraded on Friday, October 21 by Raiffeisen Centrobank. The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has “Buy” rating given on Monday, November 21 by Citigroup. The firm earned “Neutral” rating on Thursday, March 10 by Citigroup.

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.”

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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