The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) is a huge mover today! About 914,363 shares traded hands. Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has risen 3.37% since March 9, 2016 and is uptrending. It has underperformed by 4.05% the S&P500.
The move comes after 5 months negative chart setup for the $7.04B company. It was reported on Oct, 12 by Barchart.com. We have $7.26 PT which if reached, will make NYSE:MBT worth $352.00 million less.
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. On Thursday, September 1 the stock rating was downgraded by HSBC to “Hold”. The firm earned “Hold” rating on Thursday, March 24 by HSBC. The firm has “Outperform” rating given on Monday, June 20 by Credit Suisse. The firm earned “Buy” rating on Wednesday, August 19 by Citigroup. The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has “Neutral” rating given on Thursday, March 10 by Citigroup. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, March 24 report. The stock has “Buy” rating given by Deutsche Bank on Thursday, January 14.
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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