Mobil'nye Telesistemy PAO (NYSE:MBT) was downgraded by investment analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report issued on Wednesday, The Fly reports.
Several hedge funds have bought and sold shares of MBT. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Mobil'nye Telesistemy PAO by 78.2% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 12,680,152 shares of the company’s stock worth $78,363,000 after buying an additional 5,564,300 shares during the period. Van ECK Associates Corp increased its stake in Mobil'nye Telesistemy PAO by 33.7% in the fourth quarter. Van ECK Associates Corp now owns 12,014,092 shares of the company’s stock worth $74,247,000 after buying an additional 3,025,826 shares during the period. Capital World Investors increased its stake in Mobil'nye Telesistemy PAO by 15.4% in the fourth quarter. Capital World Investors now owns 10,335,000 shares of the company’s stock worth $63,870,000 after buying an additional 1,380,000 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Mobil'nye Telesistemy PAO by 4.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,060,536 shares of the company’s stock worth $37,454,000 after buying an additional 244,214 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Mobil'nye Telesistemy PAO by 0.4% in the fourth quarter. Macquarie Group Ltd. now owns 4,047,129 shares of the company’s stock worth $25,012,000 after buying an additional 16,988 shares during the period.
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Mobil'nye Telesistemy PAO from a “strong sell” rating to a “buy” rating and set a $8.25 target price on the stock in a research note on Thursday, February 4th. Barclays reiterated a “hold” rating on shares of Mobil'nye Telesistemy PAO in a report on Saturday, November 28th. Finally, Citigroup Inc. downgraded shares of Mobil'nye Telesistemy PAO from a “buy” rating to a “neutral” rating and set a $8.00 price target on the stock. in a report on Thursday, March 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.09.
Mobil’nye Telesystemy PAO (NYSE:MBT), 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.
