Credit Suisse AG lowered its stake in Mobil’nye Telesistemy PAO (NYSE:MBT) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,529,195 shares of the Wireless communications provider’s stock after selling 37,284 shares during the period. Credit Suisse AG owned approximately 0.16% of Mobil’nye Telesistemy PAO worth $13,044,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its position in Mobil’nye Telesistemy PAO by 39.2% in the second quarter. Commonwealth Equity Services LLC now owns 21,442 shares of the Wireless communications provider’s stock valued at $189,000 after acquiring an additional 6,037 shares during the last quarter. Todd Asset Management LLC grew its position in Mobil’nye Telesistemy PAO by 0.4% in the third quarter. Todd Asset Management LLC now owns 1,718,282 shares of the Wireless communications provider’s stock valued at $14,657,000 after acquiring an additional 7,271 shares during the last quarter. KBC Group NV grew its position in Mobil’nye Telesistemy PAO by 3.1% in the second quarter. KBC Group NV now owns 266,044 shares of the Wireless communications provider’s stock valued at $2,349,000 after acquiring an additional 8,023 shares during the last quarter. Pinebridge Investments L.P. grew its position in Mobil’nye Telesistemy PAO by 27.5% in the second quarter. Pinebridge Investments L.P. now owns 44,735 shares of the Wireless communications provider’s stock valued at $395,000 after acquiring an additional 9,635 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Mobil’nye Telesistemy PAO by 7.3% in the third quarter. Daiwa Securities Group Inc. now owns 146,850 shares of the Wireless communications provider’s stock valued at $1,253,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 32.25% of the company’s stock.

A number of research firms have issued reports on MBT. ValuEngine upgraded Mobil’nye Telesistemy PAO from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research upgraded Mobil’nye Telesistemy PAO from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $14.00.

NYSE:MBT opened at $7.40 on Friday. The stock has a market cap of $7.10 billion, a PE ratio of 7.37, a PEG ratio of 0.77 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.92 and a debt-to-equity ratio of 7.00. Mobil’nye Telesistemy PAO has a 1-year low of $7.15 and a 1-year high of $12.80.

Mobil’nye Telesistemy PAO (NYSE:MBT) last released its quarterly earnings results on Tuesday, November 20th. The Wireless communications provider reported $0.31 earnings per share for the quarter. The company had revenue of $1.95 billion for the quarter. Mobil’nye Telesistemy PAO had a return on equity of 52.39% and a net margin of 1.66%. As a group, sell-side analysts anticipate that Mobil’nye Telesistemy PAO will post 0.95 earnings per share for the current 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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