Mobile Telesystems (NYSE:MBT) Reaching An Inflection Point; Deutsche Bank Initiates Shares At Buy with $12.5 target

September 17, 2017 - By Clifton Ray

 Mobile Telesystems (NYSE:MBT) Reaching An Inflection Point; Deutsche Bank Initiates Shares At Buy with $12.5 target

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

Deutsche Bank analyst has initiated coverage with a Buy rating on Mobile Telesystems (NYSE:MBT) today and set a price target of $12.5. The firm’s shares opened today at 0.

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. The firm has “Buy” rating given on Wednesday, August 19 by Citigroup. HSBC downgraded the stock to “Hold” rating in Thursday, March 24 report. The firm has “Buy” rating by J.P. Morgan given on Wednesday, July 26. Morgan Stanley downgraded Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) on Friday, May 5 to “Equal Weight” rating. Credit Suisse initiated Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) rating on Monday, June 20. Credit Suisse has “Outperform” rating and $10 target. The firm has “Overweight” rating given on Wednesday, July 26 by JP Morgan. The rating was downgraded by HSBC on Thursday, September 1 to “Hold”. On Tuesday, September 12 the stock rating was initiated by Deutsche Bank with “Buy”. Citigroup downgraded it to “Neutral” rating and $8 target in Thursday, March 10 report. The rating was upgraded by Raiffeisen Centrobank on Friday, October 21 to “Hold”.

The stock increased 0.09% or $0.01 on September 15, reaching $10.98. About 4.70 million 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: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For September 12, 2017” on September 12, 2017. Also Benzinga.com published the news titled: “Earnings Scheduled For August 22, 2017” on August 22, 2017. Nasdaq.com‘s news article titled: “Mid-Afternoon Market Update: Crude Oil Down Over 2%; Abercrombie & Fitch …” with publication date: August 24, 2017 was also an interesting one.

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