Comerica Bank Reduces Position in Mobil’nye Telesistemy PAO (NYSE:MBT)

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Comerica Bank lessened its holdings in shares of Mobil’nye Telesistemy PAO (NYSE:MBT) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,373 shares of the Wireless communications provider’s stock after selling 2,813 shares during the period. Comerica Bank’s holdings in Mobil’nye Telesistemy PAO were worth $512,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MBT. AQR Capital Management LLC grew its stake in Mobil’nye Telesistemy PAO by 36.1% during the 2nd quarter. AQR Capital Management LLC now owns 16,026,665 shares of the Wireless communications provider’s stock valued at $149,208,000 after acquiring an additional 4,247,505 shares in the last quarter. Renaissance Technologies LLC grew its stake in Mobil’nye Telesistemy PAO by 7.5% during the 2nd quarter. Renaissance Technologies LLC now owns 29,739,946 shares of the Wireless communications provider’s stock valued at $276,879,000 after acquiring an additional 2,086,350 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Mobil’nye Telesistemy PAO during the 2nd quarter valued at about $14,256,000. Barings LLC grew its stake in Mobil’nye Telesistemy PAO by 27.9% during the 2nd quarter. Barings LLC now owns 5,845,452 shares of the Wireless communications provider’s stock valued at $54,421,000 after acquiring an additional 1,273,456 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Mobil’nye Telesistemy PAO by 4.0% during the 2nd quarter. BlackRock Inc. now owns 31,847,810 shares of the Wireless communications provider’s stock valued at $296,502,000 after acquiring an additional 1,222,186 shares in the last quarter. 32.21% of the stock is owned by institutional investors.

NYSE:MBT opened at $9.68 on Friday. The company has a debt-to-equity ratio of 11.25, a current ratio of 0.61 and a quick ratio of 0.56. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 1.80 and a beta of 1.03. The company’s 50-day moving average is $8.77 and its two-hundred day moving average is $8.36. Mobil’nye Telesistemy PAO has a 1-year low of $6.64 and a 1-year high of $9.69.

Mobil’nye Telesistemy PAO (NYSE:MBT) last posted its earnings results on Tuesday, August 20th. The Wireless communications provider reported $0.22 earnings per share for the quarter. The company had revenue of $1.94 billion for the quarter. Mobil’nye Telesistemy PAO had a net margin of 1.45% and a return on equity of 95.04%. As a group, equities analysts anticipate that Mobil’nye Telesistemy PAO will post 1.07 earnings per share for the current fiscal year.

Several analysts recently issued reports on MBT shares. Zacks Investment Research raised shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, November 8th. ValuEngine lowered shares of Mobil’nye Telesistemy PAO from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st.

Mobil’nye Telesistemy PAO Profile

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

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Institutional Ownership by Quarter for Mobil`nye Telesistemy PAO (NYSE:MBT)

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