The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) is a huge mover today! About 4.33M shares traded hands or 66.54% up from the average. Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has declined 19.72% since April 27, 2016 and is downtrending. It has underperformed by 24.95% the S&P500.
The move comes after 6 months positive chart setup for the $7.21 billion company. It was reported on Nov, 30 by Barchart.com. We have $8.38 PT which if reached, will make NYSE:MBT worth $576.80 million 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 “Outperform” rating given on Monday, June 20 by Credit Suisse. Deutsche Bank upgraded the stock to “Buy” rating in Thursday, January 14 report. Citigroup upgraded the stock to “Buy” rating in Monday, November 21 report. The stock has “Hold” rating given by HSBC on Thursday, September 1. The firm has “Neutral” rating given on Thursday, March 10 by Citigroup. The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has “Hold” rating given on Thursday, March 24 by HSBC. The rating was downgraded by Deutsche Bank on Thursday, March 24 to “Hold”. Raiffeisen Centrobank upgraded the shares of MBT in a report on Friday, October 21 to “Hold” rating. Citigroup upgraded it to “Buy” rating and $9 target price in Wednesday, August 19 report.
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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