Mobil’nye Telesistemy PAO (MBT) Stake Boosted by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC grew its holdings in Mobil’nye Telesistemy PAO (NYSE:MBT) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,045,109 shares of the Wireless communications provider’s stock after purchasing an additional 6,353 shares during the period. Freestone Capital Holdings LLC owned approximately 0.11% of Mobil’nye Telesistemy PAO worth $8,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board boosted its position in shares of Mobil’nye Telesistemy PAO by 24.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 4,060,197 shares of the Wireless communications provider’s stock worth $34,633,000 after acquiring an additional 798,000 shares in the last quarter. FMR LLC boosted its position in shares of Mobil’nye Telesistemy PAO by 572.9% during the 3rd quarter. FMR LLC now owns 2,252,332 shares of the Wireless communications provider’s stock worth $19,212,000 after acquiring an additional 1,917,632 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of Mobil’nye Telesistemy PAO by 10.3% during the 3rd quarter. Brandes Investment Partners LP now owns 2,420,268 shares of the Wireless communications provider’s stock worth $20,645,000 after acquiring an additional 225,069 shares in the last quarter. Todd Asset Management LLC boosted its position in shares of Mobil’nye Telesistemy PAO by 0.4% during the 3rd quarter. Todd Asset Management LLC now owns 1,718,282 shares of the Wireless communications provider’s stock worth $14,657,000 after acquiring an additional 7,271 shares in the last quarter. Finally, Tobam boosted its position in shares of Mobil’nye Telesistemy PAO by 72.9% during the 3rd quarter. Tobam now owns 36,548 shares of the Wireless communications provider’s stock worth $312,000 after acquiring an additional 15,408 shares in the last quarter. 34.11% of the stock is currently owned by institutional investors and hedge funds.

MBT has been the subject of several analyst reports. Zacks Investment Research raised Mobil’nye Telesistemy PAO from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. ValuEngine raised Mobil’nye Telesistemy PAO from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.50.

Shares of NYSE MBT opened at $7.60 on Friday. The stock has a market capitalization of $7.33 billion, a P/E ratio of 7.60, a PEG ratio of 0.79 and a beta of 1.09. The company has a quick ratio of 0.78, a current ratio of 0.99 and a debt-to-equity ratio of 7.00. Mobil’nye Telesistemy PAO has a 52-week low of $7.25 and a 52-week high of $12.80.

Mobil’nye Telesistemy PAO (NYSE:MBT) last announced its earnings results on Tuesday, August 21st. The Wireless communications provider reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $1.85 billion during the quarter. Mobil’nye Telesistemy PAO had a return on equity of 52.97% and a net margin of 1.65%. As a group, research analysts forecast that Mobil’nye Telesistemy PAO will post 0.95 earnings per share for the current fiscal year.

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Mobil’nye Telesistemy PAO Company 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.

Further Reading: Technical Analysis of Stocks, How Can It Help

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

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