Mobile TeleSystems Public Joint Stock (NYSE:MBT) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Mobile TeleSystems Public Joint Stock (NYSE:MBT – Get Rating) in a research note issued to investors on Wednesday. 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 report on Wednesday, March 23rd.

NYSE:MBT opened at $5.50 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.56 and a debt-to-equity ratio of 33.29. The business’s 50 day moving average is $5.51 and its two-hundred day moving average is $7.21. Mobile TeleSystems Public Joint Stock has a 52 week low of $5.34 and a 52 week high of $10.07. The company has a market cap of $5.50 billion, a PE ratio of 5.45 and a beta of 1.02.

Mobile TeleSystems Public Joint Stock (NYSE:MBT – Get Rating) last issued its earnings results on Thursday, March 3rd. The Wireless communications provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $1.98 billion for the quarter. Mobile TeleSystems Public Joint Stock had a net margin of 11.86% and a return on equity of 340.18%.

Large investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new stake in shares of Mobile TeleSystems Public Joint Stock in the fourth quarter valued at approximately $25,000. D Orazio & Associates Inc. acquired a new stake in Mobile TeleSystems Public Joint Stock in the third quarter worth about $26,000. CWM LLC acquired a new stake in Mobile TeleSystems Public Joint Stock in the first quarter worth about $56,000. TAP Consulting LLC acquired a new stake in Mobile TeleSystems Public Joint Stock in the fourth quarter worth about $62,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in Mobile TeleSystems Public Joint Stock in the first quarter worth about $66,000. 20.05% of the stock is owned by institutional investors.

About Mobile TeleSystems Public Joint Stock (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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