The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) gapped up by $0.01 today and has $10.77 target or 37.00% above today’s $7.86 share price. The 9 months technical chart setup indicates low risk for the $7.35B company. The gap was reported on Oct, 4 by Barchart.com. If the $10.77 price target is reached, the company will be worth $2.72 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 3.01% or $0.23 during the last trading session, hitting $7.86. About 1.91 million shares traded hands. Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has risen 9.32% since March 1, 2016 and is uptrending. It has underperformed by 2.90% the S&P500.
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 Deutsche Bank. On Wednesday, August 19 the stock rating was upgraded by Citigroup to “Buy”. HSBC downgraded the shares of MBT in a report on Thursday, March 24 to “Hold” rating. The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) earned “Buy” rating by Deutsche Bank on Thursday, January 14. Credit Suisse initiated Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) on Monday, June 20 with “Outperform” rating. HSBC downgraded the shares of MBT in a report on Thursday, September 1 to “Hold” rating. The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has “Neutral” rating given 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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