Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of Mobil’nye Telesistemy PAO (NYSE:MBT) by 52.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,422,973 shares of the Wireless communications provider’s stock after selling 1,591,334 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.15% of Mobil’nye Telesistemy PAO worth $12,138,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of Mobil’nye Telesistemy PAO by 61.6% during the 2nd quarter. Wells Fargo & Company MN now owns 2,794,131 shares of the Wireless communications provider’s stock worth $24,672,000 after purchasing an additional 1,065,417 shares during the last quarter. Global X Management Co LLC increased its position in shares of Mobil’nye Telesistemy PAO by 46.0% during the 2nd quarter. Global X Management Co LLC now owns 34,774 shares of the Wireless communications provider’s stock worth $307,000 after purchasing an additional 10,961 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Mobil’nye Telesistemy PAO by 39.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,442 shares of the Wireless communications provider’s stock worth $189,000 after purchasing an additional 6,037 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Mobil’nye Telesistemy PAO by 28.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 136,850 shares of the Wireless communications provider’s stock worth $1,209,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Banco de Sabadell S.A increased its position in shares of Mobil’nye Telesistemy PAO by 89.0% during the 2nd quarter. Banco de Sabadell S.A now owns 142,205 shares of the Wireless communications provider’s stock worth $1,251,000 after purchasing an additional 66,979 shares during the last quarter. 32.80% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on MBT. ValuEngine downgraded Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Zacks Investment Research raised Mobil’nye Telesistemy PAO from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.50.

NYSE MBT opened at $8.24 on Friday. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.87 and a beta of 1.09. 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 has a 1-year low of $7.25 and a 1-year high of $12.80.

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

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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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