Revenue Update on Mobil'nye Telesistemy PAO (ADR)(NYSE:MBT)

Mobil'nye Telesistemy PAO (ADR)(NYSE:MBT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 18, 2016. Company reported revenue of $1.73B. Analysts estimated a revenue of $1.67B. Earnings per share were $0.07. Analysts had estimated an EPS of $0.21.

In a different note, Credit Suisse said it Initiates Coverage on Mobil'nye Telesistemy PAO (ADR), according to a research note issued on Jun 20, 2016. The shares have been rated ‘Outperform’ by the firm.

Mobil'nye Telesistemy PAO (ADR) (MBT) made into the market gainers list on Mondays trading session with the shares advancing 0.37% or 0.03 points. Due to strong positive momentum, the stock ended at $8.22, which is also near the day’s high of $8.34. The stock began the session at $8.28 and the volume stood at 21,15,276 shares. The 52-week high of the shares is $9.47 and the 52 week low is $5.145. The company has a current market capitalization of $8,174 M and it has 99,44,46,200 shares in outstanding.

Mobil’nye Telesystemy PAO (MTS PAO or Mobile TeleSystems PJSC) formerly Mobil’nye Telesystemy OAO is a Russia-based company engaged in the telecommunication industry. The Company 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. The Company provides its services domestically as well as abroad including Ukraine Uzbekistan Armenia Turkmenistan and Belarus. MTS PAO operates through numerous branches located domestically and in Belarus as well as several subsidiaries.

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