Mobil’nye Telesistemy PAO (MBT) Shares Gap Down to $8.58

Mobil’nye Telesistemy PAO (NYSE:MBT)’s share price gapped down prior to trading on Friday . The stock had previously closed at $8.63, but opened at $8.58. Mobil’nye Telesistemy PAO shares last traded at $8.32, with a volume of 72391 shares changing hands.

A number of equities analysts have issued reports on MBT shares. Zacks Investment Research raised Mobil’nye Telesistemy PAO from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. ValuEngine raised Mobil’nye Telesistemy PAO from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.50.

The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 3.48. The stock has a market cap of $7.79 billion, a PE ratio of 8.41, a P/E/G ratio of 0.83 and a beta of 1.09.

Mobil’nye Telesistemy PAO (NYSE:MBT) last posted its quarterly earnings results on Tuesday, August 21st. The Wireless communications provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $1.85 billion for the quarter. Mobil’nye Telesistemy PAO had a return on equity of 46.93% and a net margin of 13.43%. Research analysts anticipate that Mobil’nye Telesistemy PAO will post 0.96 EPS for the current year.

Several hedge funds have recently bought and sold shares of MBT. Wells Fargo & Company MN raised its position in shares of Mobil’nye Telesistemy PAO by 163.0% during the 3rd quarter. Wells Fargo & Company MN now owns 7,347,448 shares of the Wireless communications provider’s stock valued at $62,674,000 after acquiring an additional 4,553,317 shares in the last quarter. FMR LLC raised its position in shares of Mobil’nye Telesistemy PAO by 572.9% during the 3rd quarter. FMR LLC now owns 2,252,332 shares of the Wireless communications provider’s stock valued at $19,212,000 after acquiring an additional 1,917,632 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Mobil’nye Telesistemy PAO by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 20,820,850 shares of the Wireless communications provider’s stock valued at $183,848,000 after acquiring an additional 1,599,050 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Mobil’nye Telesistemy PAO during the 2nd quarter valued at approximately $7,725,000. Finally, First Trust Advisors LP raised its position in shares of Mobil’nye Telesistemy PAO by 79.6% during the 3rd quarter. First Trust Advisors LP now owns 1,785,221 shares of the Wireless communications provider’s stock valued at $15,228,000 after acquiring an additional 791,237 shares in the last quarter. 32.80% of the stock is currently owned by institutional investors and hedge funds.

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Mobil’nye Telesistemy PAO Company Profile (NYSE:MBT)

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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