New Buy Rating Was Given to Mobile Telesystems (NYSE:MBT)

September 17, 2017 - By Marie Mckinney

 New Buy Rating Was Given to Mobile Telesystems (NYSE:MBT)

Why Has Deutsche Bank Given Mobile Telesystems (NYSE:MBT) a $12.5 Price Target

Deutsche Bank analyst started coverage on Mobile Telesystems (NYSE:MBT) with a $12.5 TP and Buy rating. The TP gives a potential upside of 13.84 % from company’s close price.

Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) Ratings Coverage

Among 10 analysts covering Mobile TeleSystems (NYSE:MBT), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Mobile TeleSystems has $12.5 highest and $8 lowest target. $10.10’s average target is -8.01% below currents $10.98 stock price. Mobile TeleSystems had 18 analyst reports since August 19, 2015 according to SRatingsIntel. As per Monday, November 21, the company rating was upgraded by Citigroup. The rating was upgraded by Deutsche Bank to “Buy” on Thursday, January 14. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, March 24 report. The firm earned “Hold” rating on Thursday, September 1 by HSBC. The firm earned “Buy” rating on Wednesday, August 19 by Citigroup. Credit Suisse initiated the shares of MBT in report on Monday, June 20 with “Outperform” rating. JP Morgan upgraded the shares of MBT in report on Wednesday, July 26 to “Overweight” rating. The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) earned “Neutral” rating by Citigroup on Thursday, March 10. On Wednesday, July 26 the stock rating was upgraded by J.P. Morgan to “Buy”. The stock of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) earned “Hold” rating by HSBC on Thursday, March 24.

The stock increased 0.09% or $0.01 on September 15, reaching $10.98. About 4.70M shares traded or 68.46% up from the average. Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has risen 4.98% since September 17, 2016 and is uptrending. It has underperformed by 11.72% the S&P500.

Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a well-known provider of telecommunications services. The company has market cap of $9.99 billion. The Firm provides mobile and fixed line voice and data telecommunications services, including data transfer, broadband, pay-television and various value-added services, as well as selling equipment and accessories. It has a 11.16 P/E ratio. The Firm operates through divisions, which include Russia convergent, Moscow fixed line and Ukraine.

More recent Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) news were published by: Nasdaq.com which released: “Mid-Afternoon Market Update: Crude Oil Down Over 2%; Abercrombie & Fitch …” on August 24, 2017. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For September 12, 2017” on September 12, 2017. Benzinga.com‘s news article titled: “Earnings Scheduled For August 22, 2017” with publication date: August 22, 2017 was also an interesting one.

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