MTS (MBT) Rating Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of MTS (NYSE:MBT) from a hold rating to a strong sell rating in a research note published on Thursday morning.

According to Zacks, “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. “

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A number of other research analysts have also recently issued reports on MBT. Deutsche Bank cut MTS from a buy rating to a hold rating and set a $11.00 price target for the company. in a report on Wednesday, December 6th. Bank of America raised MTS from a neutral rating to a buy rating in a report on Wednesday, January 3rd. Morgan Stanley raised MTS from an equal weight rating to an overweight rating in a report on Monday, January 22nd. ValuEngine raised MTS from a buy rating to a strong-buy rating in a report on Tuesday, February 13th. Finally, Gabelli reaffirmed a buy rating on shares of MTS in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $11.35.

MTS stock opened at $11.00 on Thursday. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.93 and a quick ratio of 0.87. MTS has a 12-month low of $7.76 and a 12-month high of $12.80. The stock has a market capitalization of $10,944.50, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06.

Several institutional investors have recently added to or reduced their stakes in MBT. Asset Management One Co. Ltd. raised its holdings in MTS by 5.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 104,132 shares of the Wireless communications provider’s stock worth $1,094,000 after purchasing an additional 5,000 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in MTS by 0.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 761,996 shares of the Wireless communications provider’s stock worth $7,955,000 after purchasing an additional 5,351 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in MTS during the 4th quarter worth about $104,000. Visionary Asset Management Inc. bought a new stake in MTS during the 3rd quarter worth about $115,000. Finally, Atria Investments LLC bought a new stake in MTS during the 4th quarter worth about $118,000. 31.40% of the stock is owned by institutional investors and hedge funds.

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MTS Company Profile

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. The company operates through three segments: Russia Convergent, Moscow Fixed Line, and Ukraine. It offers voice and data transmission, Internet access, pay TV, and various value added services through wireless and fixed lines, as well as sells equipment, accessories, and handsets.

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