Mobil'nye Telesistemy PAO (MBT) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Mobil'nye Telesistemy PAO (NYSE:MBT) from a hold rating to a sell rating in a research report released on Wednesday morning.

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, Citigroup Inc upgraded shares of Mobil'nye Telesistemy PAO from a neutral rating to a buy rating in a report on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $9.94.

Shares of Mobil'nye Telesistemy PAO (NYSE:MBT) opened at 10.88 on Wednesday. Mobil'nye Telesistemy PAO has a one year low of $7.09 and a one year high of $10.93. The firm has a 50-day moving average of $10.36 and a 200-day moving average of $8.85. The stock has a market cap of $10.82 billion, a PE ratio of 7.76 and a beta of 1.09.

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Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in Mobil'nye Telesistemy PAO by 7.8% in the second quarter. Royal Bank of Canada now owns 517,064 shares of the company’s stock valued at $4,281,000 after buying an additional 37,395 shares during the period. BNP Paribas Arbitrage SA raised its stake in Mobil'nye Telesistemy PAO by 14.8% in the third quarter. BNP Paribas Arbitrage SA now owns 552,658 shares of the company’s stock valued at $4,217,000 after buying an additional 71,393 shares during the period. Advisory Services Network LLC raised its stake in Mobil'nye Telesistemy PAO by 218.3% in the third quarter. Advisory Services Network LLC now owns 29,932 shares of the company’s stock valued at $228,000 after buying an additional 20,528 shares during the period. British Columbia Investment Management Corp raised its stake in Mobil'nye Telesistemy PAO by 8.9% in the third quarter. British Columbia Investment Management Corp now owns 134,800 shares of the company’s stock valued at $1,029,000 after buying an additional 11,000 shares during the period. Finally, Ronald Blue & Co. LLC purchased a new stake in Mobil'nye Telesistemy PAO during the third quarter valued at about $101,000. Hedge funds and other institutional investors own 30.70% of the company’s stock.

About Mobil'nye Telesistemy PAO

Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a provider of telecommunications services. The Company 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.

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