Banco de Sabadell S.A Raises Stake in Mobil’nye Telesistemy PAO (MBT)

Banco de Sabadell S.A raised its holdings in shares of Mobil’nye Telesistemy PAO (NYSE:MBT) by 89.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,205 shares of the Wireless communications provider’s stock after acquiring an additional 66,979 shares during the quarter. Banco de Sabadell S.A’s holdings in Mobil’nye Telesistemy PAO were worth $1,251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cubist Systematic Strategies LLC grew its stake in shares of Mobil’nye Telesistemy PAO by 180.2% in the second quarter. Cubist Systematic Strategies LLC now owns 32,202 shares of the Wireless communications provider’s stock valued at $284,000 after buying an additional 20,710 shares in the last quarter. Capital Fund Management S.A. grew its stake in shares of Mobil’nye Telesistemy PAO by 60.1% in the second quarter. Capital Fund Management S.A. now owns 1,915,663 shares of the Wireless communications provider’s stock valued at $16,915,000 after buying an additional 719,178 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Mobil’nye Telesistemy PAO by 18.3% in the second quarter. Voya Investment Management LLC now owns 76,492 shares of the Wireless communications provider’s stock valued at $675,000 after buying an additional 11,833 shares in the last quarter. Kiwi Wealth Investments Limited Partnership grew its stake in shares of Mobil’nye Telesistemy PAO by 14.2% in the second quarter. Kiwi Wealth Investments Limited Partnership now owns 328,033 shares of the Wireless communications provider’s stock valued at $2,897,000 after buying an additional 40,781 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Mobil’nye Telesistemy PAO by 3.4% in the second quarter. Van ECK Associates Corp now owns 7,166,975 shares of the Wireless communications provider’s stock valued at $63,284,000 after buying an additional 238,515 shares in the last quarter. 32.83% of the stock is owned by institutional investors.

MBT has been the subject of several research reports. ValuEngine downgraded Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. VTB Capital raised Mobil’nye Telesistemy PAO from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Finally, Zacks Investment Research raised Mobil’nye Telesistemy PAO from a “sell” rating to a “hold” rating in a report on Saturday, September 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Mobil’nye Telesistemy PAO presently has an average rating of “Buy” and a consensus target price of $12.50.

Shares of Mobil’nye Telesistemy PAO stock opened at $8.02 on Friday. Mobil’nye Telesistemy PAO has a 1 year low of $7.25 and a 1 year high of $12.80. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.75 and a beta of 1.17. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.86 and a quick ratio of 0.78.

Mobil’nye Telesistemy PAO (NYSE:MBT) last announced its quarterly earnings results on Tuesday, August 21st. The Wireless communications provider reported $0.24 earnings per share (EPS) for the quarter. Mobil’nye Telesistemy PAO had a return on equity of 46.93% and a net margin of 13.43%. The business had revenue of $1.85 billion during the quarter. sell-side analysts forecast that Mobil’nye Telesistemy PAO will post 0.96 EPS for the current fiscal year.

About Mobil’nye Telesistemy PAO

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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