Price Don’t Lie: Will Mobil’nye Telesistemy PAO (ADR) Go Down Anytime Soon?

Price Don't Lie: Will Mobil'nye Telesistemy PAO (ADR) Go Down Anytime Soon?

The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) is a huge mover today! About 1.11M shares traded hands. Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has risen 9.00% since February 29, 2016 and is uptrending. It has underperformed by 3.22% the S&P500.
The move comes after 7 months positive chart setup for the $7.34 billion company. It was reported on Oct, 3 by Barchart.com. We have $9.56 PT which if reached, will make NYSE:MBT worth $1.61B more.

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

Out of 5 analysts covering Mobile TeleSystems (NYSE:MBT), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Mobile TeleSystems has been the topic of 11 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Thursday, March 24 by HSBC. The firm earned “Hold” rating on Thursday, September 1 by HSBC. The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has “Buy” rating given on Thursday, January 14 by Deutsche Bank. Citigroup upgraded the shares of MBT in a report on Wednesday, August 19 to “Buy” rating. Deutsche Bank downgraded the shares of MBT in a report on Thursday, March 24 to “Hold” rating. Citigroup downgraded the shares of MBT in a report on Thursday, March 10 to “Neutral” rating. Credit Suisse initiated it with “Outperform” rating and $10 target price in Monday, June 20 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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