StockNews.com assumed hedging on the shares of Mobile TeleSystems Public Joint Stock (NYSE: MBT – Get a rating) in a report released Monday. The company has issued a “strong buy” rating on the shares of the wireless communications provider.
Separately, Zacks Investment Research downgraded Mobile TeleSystems Public Joint Stock from a “buy” rating to a “hold” rating in a Wednesday, March 23 research report.
Shares of NYSE: MBT open at $5.50 on Mondays. The company’s 50-day simple moving average is $5.98 and its 200-day simple moving average is $7.54. The company has a market capitalization of $5.50 billion, a price-earnings ratio of 5.45 and a beta of 1.10. The company has a debt ratio of 33.29, a current ratio of 0.56 and a quick ratio of 0.52. Mobile TeleSystems Public Joint Stock has a 12 month low of $5.34 and a 12 month high of $10.07.
Mobile TeleSystems Public Joint Stock (NYSE: MBT – Get a rating) last announced its quarterly results on Thursday, March 3. The wireless communications provider reported EPS of $0.22 for the quarter, beating Thomson Reuters consensus estimate of $0.20 by $0.02. The company had revenue of $1.98 billion for the quarter. Mobile TeleSystems Public Joint Stock achieved a return on equity of 340.18% and a net margin of 11.86%.
Institutional investors and hedge funds have recently changed their stakes in the company. Schroder Investment Management Group increased its stake in Mobile TeleSystems Public Joint Stock by 130.3% in the third quarter. Schroder Investment Management Group now owns 1,679,728 shares of the wireless communications provider valued at $8,096,000 after acquiring an additional 950,489 shares in the last quarter. NN Investment Partners Holdings NV increased its stake in Mobile TeleSystems Public Joint Stock by 8.0% in the 4th quarter. NN Investment Partners Holdings NV now owns 555,800 shares of the wireless communications provider valued at $4,418,000 after acquiring 41,177 additional shares in the last quarter. Deutsche Bank AG increased its stake in Mobile TeleSystems Public Joint Stock by 17.4% in the third quarter. Deutsche Bank AG now owns 2,716,457 shares of the wireless communications provider valued at $26,187,000 after acquiring an additional 403,436 shares in the last quarter. Desjardins Global Asset Management Inc. acquired a new position in Mobile TeleSystems Public Joint Stock in Q4 worth $345,000. Finally, Candriam Luxembourg SCA increased its stake in shares of Mobile TeleSystems Public Joint Stock by 101.4% during the 3rd quarter. Candriam Luxembourg SCA now owns 1,136,000 shares of the wireless communications provider valued at $10,951,000 after purchasing an additional 572,000 shares during the period. Institutional investors hold 21.53% of the company’s shares.
About Mobile TeleSystems Public Joint Stock (Get a rating)
Mobile TeleSystems Public Joint Stock Company provides telecommunications services primarily in Russia. It offers voice and data transmission, Internet access, broadband, pay-TV and various value-added services via wireless and fixed lines; fintech services; and B2B cloud and digital solutions, as well as the sale of equipment, accessories and software.
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