Reaffirmed: Mobile TeleSystems (NYSE:MBT) “Equal Weight” Rating Reaffirmed at Barclays; $9.7 Target in Place

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Mobile TeleSystems (NYSE:MBT) Rating Reaffirmed

Equity analysts at Barclays now has a $9.7 PT on Mobile TeleSystems (NYSE:MBT). Barclays and their recent PT would suggest a potential upside of 27.63% from the company’s current price. The rating has been disclosed to clients in an analyst research report on 27 November.

From a total of 2 analysts covering Mobile TeleSystems (NYSE:MBT) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $10.60 while the lowest target price is $8.60. The mean of all analyst targets is $9.15 with a 25.51% above today’s ($7.29) stock price. Mobile TeleSystems was the topic of 5 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc.

The stock decreased 4.08% or $0.31 on November 27, striking $7.29. Approximately 1.18M shares of stock traded hands. Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT) has declined 39.45% since April 27, 2015 and is downtrending. It has underperformed by 38.56% the S&P500.

Reaffirmed: Mobile TeleSystems (NYSE:MBT)

Mobil’nye Telesystemy PAO , formerly Mobil’nye Telesystemy OAO, is a Russia firm engaged in the telecommunication industry. The company has a market cap of $6.83 billion. The Firm provides a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television (TV) and various value-added services, as well as selling equipment and accessories. It has 10.45 P/E ratio. The Firm provides its services domestically, as well as abroad, including Ukraine, Uzbekistan, Armenia, Turkmenistan and Belarus.

According to Zacks Investment Research, “MOBILE TELE-ADR mission is to build a integrated mobile communications world, which will bring people together, enrich their lives and open up new horizons, both at work and at home. They will do this by Anticipating on and understanding of our customers’ needs, employing experienced, qualified and highly motivated personnel, introducing new technologies, and enhancing our company’s development.” Get a free copy of the Zacks research report on Mobil’nye Telesistemy PAO (ADR) (MBT)

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