In today’s recent session, 1,853,915 shares of the Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) have been traded, and its beta is 1.1. Most recently the company’s share price was $8.18, and it changed around $0 or 0% from the last close, which brings the market valuation of the company to $7.19 Billion. MBT at last check was trading at a discount to its 52-week high of $9.81, offering almost -19.93% off that amount. The share price’s 52-week low was $7.64, which indicates that the recent value has risen by an impressive 6.6% since then. We note from Mobile TeleSystems Public Joint Stock Company’s average daily trading volume that its 10-day average is 3.51 Million shares, with the 3-month average coming to 3.85 Million.
Mobile TeleSystems Public Joint Stock Company stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 15 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended MBT as a Hold, whereas 11 deemed it a Buy, and no one rated it as Underweight. Mobile TeleSystems Public Joint Stock Company is expected to report earnings per share of $0.21 for the current quarter.
Mobile TeleSystems Public Joint Stock Company (NYSE:MBT): Trading Information Today
Although MBT has been showing red trend so far today with a performance of 0% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $8.34- on Wednesday, Mar 31 increased the stock’s daily price by 1.92%. The company’s shares are currently down -0.09% year-to-date, but still down -0.0049 over the last five days. On the other hand, Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) is -0.04% down in the 30-day period. We can see from the shorts that 5.67 Million shares have been sold at a short interest cover period of 1.47 day (s).
The consensus price target as assigned by Wall Street analysts is $843.4, which translates to bears needing to increase their stock price by 10210.51% from its current value. Analyst projections state that MBT is forecast to be at a low of $648.3 and a high of $1393.1. In order for the stock price to hit the forecast high, the stock would need to surge +16930.56% from its current level, while the stock would need to crash 7825.43% from its current level to reach the projected low.
Mobile TeleSystems Public Joint Stock Company (MBT) projections and forecasts
Mobile TeleSystems Public Joint Stock Company share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -5.32 percent over the past six months and at a -17.89% annual growth rate that is well below the industry average of 15.3%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +162.5% in revenue this quarter, and will report an increase of 57.1% in the next quarter. The year-over-year growth rate is expected to be -4.3%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $1.72 Billion in revenue for the current quarter. 1 analysts expect Mobile TeleSystems Public Joint Stock Company to make $1.61 Billion in revenue for the quarter ending in May 2021. The company’s sales for the same quarters a year ago were $1.79 Billion and $1.67 Billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.9%. Forecasts for the next quarter put sales growth at -3.9%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.9%. Mobile TeleSystems Public Joint Stock Company earnings are expected to increase by 20.7% in 2021, but the outlook is positive 0.08% per year for the next five years.
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MBT Dividend Yield
The annual dividend yield of the stock is 9.9 percent and its annual dividend per share was $0.81. It is important to note, however, that the 9.9% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 9.42% per year.
Mobile TeleSystems Public Joint Stock Company (NYSE:MBT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0% of Mobile TeleSystems Public Joint Stock Company shares, and 30.8% of them are in the hands of institutional investors. The stock currently has a share float of 30.8%. Mobile TeleSystems Public Joint Stock Company stock is held by 361 institutions, with Lazard Asset Management LLC being the largest institutional investor. By Dec 30, 2020, it held 2.59% of the shares, which is about 25.88 Million shares worth $231.63 Million.
Renaissance Technologies, LLC, with 2.39% or 23.85 Million shares worth $213.47 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
SEI Institutional Investment Tr-World Equity Ex-U.S. Fd and Lazard Emerging Markets Equity Portfolio were the top two Mutual Funds as of Feb 27, 2021. The former held 7049112 shares worth $57.94 Million, making up 0.71% of all outstanding shares. On the other hand, Lazard Emerging Markets Equity Portfolio held roughly 6.16 Million shares worth around $55.12 Million, which represents about 0.62% of the total shares outstanding.