Mobile TeleSystems Public Joint Stock (NYSE:MBT) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Mobile TeleSystems Public Joint Stock (NYSE:MBTGet Rating) in a note issued to investors on Tuesday. The brokerage set a “strong-buy” rating on the Wireless communications provider’s stock.

Separately, Zacks Investment Research cut shares of Mobile TeleSystems Public Joint Stock from a “buy” rating to a “hold” rating in a research report on Wednesday, March 23rd.

NYSE:MBT opened at $5.50 on Tuesday. Mobile TeleSystems Public Joint Stock has a 1 year low of $5.34 and a 1 year high of $10.07. The firm has a 50 day moving average of $5.71 and a 200-day moving average of $7.36. The company has a current ratio of 0.56, a quick ratio of 0.52 and a debt-to-equity ratio of 33.29. The stock has a market capitalization of $5.50 billion, a P/E ratio of 5.45 and a beta of 1.10.

Mobile TeleSystems Public Joint Stock (NYSE:MBTGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The Wireless communications provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. Mobile TeleSystems Public Joint Stock had a net margin of 11.86% and a return on equity of 340.18%. The firm had revenue of $1.98 billion during the quarter.

Several institutional investors have recently modified their holdings of the business. Schroder Investment Management Group grew its holdings in shares of Mobile TeleSystems Public Joint Stock by 130.3% in the 3rd quarter. Schroder Investment Management Group now owns 1,679,728 shares of the Wireless communications provider’s stock valued at $8,096,000 after buying an additional 950,489 shares during the period. NN Investment Partners Holdings N.V. grew its holdings in shares of Mobile TeleSystems Public Joint Stock by 8.0% in the 4th quarter. NN Investment Partners Holdings N.V. now owns 555,800 shares of the Wireless communications provider’s stock valued at $4,418,000 after buying an additional 41,177 shares during the period. Deutsche Bank AG grew its holdings in shares of Mobile TeleSystems Public Joint Stock by 17.4% in the 3rd quarter. Deutsche Bank AG now owns 2,716,457 shares of the Wireless communications provider’s stock valued at $26,187,000 after buying an additional 403,436 shares during the period. Desjardins Global Asset Management Inc. acquired a new position in shares of Mobile TeleSystems Public Joint Stock in the 4th quarter valued at $345,000. Finally, Candriam Luxembourg S.C.A. grew its holdings in shares of Mobile TeleSystems Public Joint Stock by 101.4% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,136,000 shares of the Wireless communications provider’s stock valued at $10,951,000 after buying an additional 572,000 shares during the period. Institutional investors own 21.53% of the company’s stock.

Mobile TeleSystems Public Joint Stock Company Profile (Get Rating)

Mobile TeleSystems Public Joint Stock Company provides telecommunication services primarily in Russia. It offers voice and data transmission, internet access, broadband, pay TV, and various value-added services through wireless and fixed lines; fintech services; and B2B cloud, and digital solutions, as well as sells equipment, accessories, and software.

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