Positives for Mobile TeleSystems Public Joint Stock Company (MBT) as stock gains in recent trading

Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) is -5.14% lower on its value in year-to-date trading and has touched a low of $6.20 and a high of $10.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MBT stock was last observed hovering at around $8.51 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $810.94 for the next 12 months. It is also 99.39% off the consensus price target high of $1393.10 offered by 14 analysts, but current levels are 98.86% higher than the price target low of $741.79 for the same period.

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Currently trading at $8.49, the stock is -5.84% and -5.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing -0.24% at the moment leaves the stock -4.55% off its SMA200. MBT registered -18.60% loss for a year compared to 6-month loss of -10.25%. The firm has a 50-day simple moving average (SMA 50) of $9.09 and a 200-day simple moving average (SMA200) of $8.81.

The stock witnessed a -6.19% gain in the last 1 month and extending the period to 3 months gives it a 1.43%, and is -4.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.45% over the week and 1.68% over the month.

Mobile TeleSystems Public Joint Stock Company (MBT) has around 65102 employees, a market worth around $8.52B and $6.31B in sales. Current P/E ratio is 10.90 and Fwd P/E is 8.21. Profit margin for the company is 11.60%. Distance from 52-week low is 36.94% and -19.14% from its 52-week high. The company has generated returns on investments over the last 12 months (18.50%).

Mobile TeleSystems Public Joint Stock Company (MBT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Mobile TeleSystems Public Joint Stock Company (MBT) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Mobile TeleSystems Public Joint Stock Company is expected to release its quarterly report on 05/18/2021 and quarterly earnings per share for the current quarter are estimated at $0.23 with sales reaching $1.77B over the same period.The EPS is expected to shrink by -14.50% this year, but quarterly earnings will post -1.20% year-over-year. Quarterly sales are estimated to shrink -1.30% in year-over-year returns.

Mobile TeleSystems Public Joint Stock Company (MBT) Top Institutional Holders

376 institutions hold shares in Mobile TeleSystems Public Joint Stock Company (MBT), with institutional investors hold 31.55% of the company’s shares. The shares outstanding are 872.71M, and float is at 475.36M with Short Float at 1.66%. Institutions hold 31.55% of the Float.

The top institutional shareholder in the company is Lazard Asset Management LLC with over 25.88 million shares valued at $231.63 million. The investor’s holdings represent 2.59% of the MBT Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 23.85 million shares valued at $213.47 million to account for 2.39% of the shares outstanding. The other top investors are Blackrock Inc. which holds 20.29 million shares representing 2.03% and valued at over $181.57 million, while Wells Fargo & Company holds 1.25% of the shares totaling 12.49 million with a market value of $111.75 million.

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Mobile TeleSystems Public Joint Stock Company (MBT): Who are the competitors?

The company’s main competitors (and peers) include Vodafone Group Plc (VOD) that is trading -4.04% down over the past 12 months. Turkcell Iletisim Hizmetleri A.S. (TKC) is 1.76% up on the 1-year trading charts. Short interest in the company’s stock has risen 8.37% from the last report on Dec 30, 2020 to stand at a total of 7.23 million short shares sold with a short interest ratio of 2.35.

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