What’s Happened To Public Joint-Stock Company Mobile TeleSystems (MBT) Lately?

On the technicals front, Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) overall has 72% Sell rating. The stock is also flashing a Hold from the Barchart TrendSpotter trading system. Traders hoping to speculate on the MBT’s short-term trajectory should know that short terms indicators for the stock averaged 80% Sell with an average daily trading volume over the past 20 days at 2689295 shares. MBT stock has overall a 1% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 2708844 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 2804271 shares, is 33% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $7.48. Below this, the next support is placed in the zone of $7.36. Till the time, the MBT stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 40.12 on daily chart, which may remain a cause for concern. If the price breaks below $7.36 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $7.72 mark may result into a pull-back move towards $7.85 level.

Public Joint-Stock Company Mobile TeleSystems (MBT) is projected to climb by 45.92 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $13.96-month high price target. This represents a whopping 83.68 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $10.5, which represents a return potential of 38.16 percent when compared to the closing price of the stock of $7.6 on Friday, November 23. The lowest price target for the stock is $9.3 — slightly more than 22.37 percent from MBT’s current share price.

Here’s a rundown of insider trading activity for sense of Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT).

MBT shares dropped -0.23 points or -2.94 percent on Friday to $7.6 with a light trade volume of 2.125 million shares. After opening the session at $7.73, the shares went as high as $7.73 and as low as $7.485, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $7.41 billion and now has 974.91 million shares outstanding. Public Joint-Stock Company Mobile TeleSystems (MBT) stock has lost -3.43 percent of market value in 21 trading days.

Analysts at Credit Suisse cut their rating on shares of Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) from Outperform to Neutral in their opinion released on February 07. Morgan Stanley analysts bumped their recommendation on MBT stock from Equal-Weight to Overweight in a separate flash note to investors on January 22. Analysts at BofA/Merrill issued an upgrade from Neutral to Buy for the stock, in a research note that dated back to January 03.

MBT stock has a trailing 3-year beta of 1.09, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.92 a share in the trailing twelve months. The stock’s value has fallen -25.42 percent year to date (YTD) against a decline of -29.37 percent in 12 month’s time. The company’s shares still trade -40.63 percent away from its 1-year high of $12.80 and 4.83 percent up from 52-week low of $7.25. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Public Joint-Stock Company Mobile TeleSystems (MBT) are trading at a P/E ratio of 9.25 times earnings reported for the past 12 months. The industry MBT operates in has an average P/E of 12.94. Its P/E ratio went as low as 8.13X and as high as 10.58 over the 5-year span. Further, it is sporting a 1.08 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.26. 63.3 percent is the gross profit margin for Public Joint-Stock Company Mobile TeleSystems and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.

MBT will be declaring its Q4 financial results on March 18. Analysts are forecasting revenue to climb 5.5 percent to $1.87B in the next fiscal quarter, while earnings are seen soaring by nearly 23.53 percent to $0.21 per share. History has shown that shares in Public Joint-Stock Company Mobile TeleSystems have gone up on 12 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.3 per share, better than the $0.28, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $128B, better than the $125B analysts expected. Earnings are estimated to increase by 8.7 percent this year, 8.35 percent next year and continue to increase by 0.16 percent annually for the next 5 years.