After opening Tuesday at around $7.82, Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) stock surged to as high as $7.9. It then made a downturn, dipping as low as $7.755. Although the stock bounced a bit into the close, it finished the day at $7.8, up 0.09 points or 1.17 percent on the day. The final volume for the day was 4.116 million, which was more than its average volume. The firm is left with a market cap of $8.13 billion and now has 1.04 billion shares outstanding. Public Joint-Stock Company Mobile TeleSystems (MBT) stock has lost -2.26 percent of market value in 21 trading days.
MBT stock has a trailing 3-year beta of 1.08, 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 $0.94 a share in the trailing twelve months. The stock’s value has surged 11.43 percent year to date (YTD) against a decline of -30.6 percent in 12 month’s time. The company’s shares still trade -39.06 percent away from its 1-year high of $12.80 and 17.47 percent up from 52-week low of $6.64. The average consensus rating on the company is 1.9, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Public Joint-Stock Company Mobile TeleSystems (MBT) will probably climb 36.92 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $14.27 price as 12-month high target. This represents a whopping 82.95 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $10, which represents a return potential of 28.21 percent when compared to the closing price of the stock of $7.8 on Tuesday, February 12. The lowest price target for the stock is $8.23 — slightly more than 5.51 percent from MBT’s current share price.
History has shown that shares in Public Joint-Stock Company Mobile TeleSystems have gone down on 13 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. Investors will get their next glimpse of MBT’s Q4 earnings on March 18. Analysts are forecasting revenue to climb 7.5 percent to $1.9B in the fiscal fourth quarter, while earnings are seen soaring by nearly 23.53 percent to $0.21 per share. It earned $0.3 per share, better than the $0.27, 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, 1.79 percent next year and continue to increase by 0.07 percent annually for the next 5 years.
The stock is currently hovering around the first support level of $7.74. Below this, the next support is placed in the zone of $7.67. Till the time, the MBT stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 43.89 on daily chart, which may remain a cause for concern. If the price breaks below $7.67 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $7.88 mark may result into a pull-back move towards $7.96 level.
Shares of Public Joint-Stock Company Mobile TeleSystems (MBT) are trading at a P/E ratio of 8.17 times earnings reported for the past 12 months. The industry MBT operates in has an average P/E of 16.16. 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 1.15 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.31. 63 percent is the gross profit margin for Public Joint-Stock Company Mobile TeleSystems and operating margin sits at 24.4 percent. Along with this, the net profit margin is 1.7 percent.