Finally Time to Make a Move? Deutsche Bank Initiates Coverage On Mobile Telesystems (NYSE:MBT) with $12.5 Price Target

September 17, 2017 - By Adrian Erickson

 Finally Time to Make a Move? Deutsche Bank Initiates Coverage On Mobile Telesystems (NYSE:MBT) with $12.5 Price Target

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

Expert analysts at Deutsche Bank issued a key “Buy” rating for Mobile Telesystems (NYSE:MBT). The firm initiated coverage in a research note issued to clients on Tuesday, 12 September. The TP would suggest upside of 13.84 % from the previous stock close.

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

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: “Earnings Scheduled For August 22, 2017” on August 22, 2017. Also Benzinga.com published the news titled: “Benzinga’s Top Upgrades, Downgrades For September 12, 2017” on September 12, 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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