Shares of Mobil’nye Telesistemy PAO (NYSE:MBT) gapped up before the market opened on Thursday . The stock had previously closed at $7.59, but opened at $7.80. Mobil’nye Telesistemy PAO shares last traded at $7.93, with a volume of 3336504 shares.

A number of analysts have weighed in on MBT shares. Zacks Investment Research raised shares of Mobil’nye Telesistemy PAO from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. ValuEngine cut shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $12.50.

The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.78 and a current ratio of 0.86.

Mobil’nye Telesistemy PAO (NYSE:MBT) last issued its quarterly earnings data on Tuesday, August 21st. The Wireless communications provider reported $0.24 earnings per share for the quarter. Mobil’nye Telesistemy PAO had a net margin of 13.43% and a return on equity of 46.93%. The company had revenue of $1.85 billion for the quarter. As a group, equities analysts predict that Mobil’nye Telesistemy PAO will post 0.96 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of Mobil’nye Telesistemy PAO by 8.3% in the second quarter. Renaissance Technologies LLC now owns 20,820,850 shares of the Wireless communications provider’s stock worth $183,848,000 after purchasing an additional 1,599,050 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Mobil’nye Telesistemy PAO by 3.4% in the second quarter. Van ECK Associates Corp now owns 7,166,975 shares of the Wireless communications provider’s stock worth $63,284,000 after purchasing an additional 238,515 shares during the last quarter. Northern Trust Corp grew its stake in shares of Mobil’nye Telesistemy PAO by 2.2% in the second quarter. Northern Trust Corp now owns 5,489,987 shares of the Wireless communications provider’s stock worth $48,477,000 after purchasing an additional 120,447 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Mobil’nye Telesistemy PAO by 19.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,262,197 shares of the Wireless communications provider’s stock worth $28,805,000 after purchasing an additional 528,200 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Mobil’nye Telesistemy PAO by 61.6% in the second quarter. Wells Fargo & Company MN now owns 2,794,131 shares of the Wireless communications provider’s stock worth $24,672,000 after purchasing an additional 1,065,417 shares during the last quarter. 32.83% of the stock is currently owned by institutional investors.

Mobil’nye Telesistemy PAO Company Profile (NYSE:MBT)

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. It operates through three segments: Russia Convergent, Moscow Fixed Line, and Ukraine. The company offers voice and data transmission; Internet access; pay TV; and various value added services, including big data, Internet of Things, cloud, financial, and e-commerce services through wireless and fixed lines, as well as sells equipment, accessories, and software.

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