KBC Group NV Trims Position in Mobil'nye Telesistemy PAO (MBT)

KBC Group NV decreased its holdings in shares of Mobil'nye Telesistemy PAO (NYSE:MBT) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,826 shares of the Wireless communications provider’s stock after selling 150,162 shares during the period. KBC Group NV’s holdings in Mobil'nye Telesistemy PAO were worth $2,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MBT. Skandinaviska Enskilda Banken AB publ bought a new position in Mobil'nye Telesistemy PAO during the third quarter worth about $17,133,000. State Street Corp lifted its stake in Mobil'nye Telesistemy PAO by 21.6% during the second quarter. State Street Corp now owns 9,127,385 shares of the Wireless communications provider’s stock worth $76,488,000 after purchasing an additional 1,622,200 shares during the period. JPMorgan Chase & Co. lifted its stake in Mobil'nye Telesistemy PAO by 19.7% during the third quarter. JPMorgan Chase & Co. now owns 9,438,681 shares of the Wireless communications provider’s stock worth $99,861,000 after purchasing an additional 1,554,205 shares during the period. Allianz Asset Management GmbH lifted its stake in Mobil'nye Telesistemy PAO by 74.0% during the third quarter. Allianz Asset Management GmbH now owns 3,052,094 shares of the Wireless communications provider’s stock worth $31,864,000 after purchasing an additional 1,297,673 shares during the period. Finally, First Trust Advisors LP lifted its stake in Mobil'nye Telesistemy PAO by 1,090.9% during the third quarter. First Trust Advisors LP now owns 1,117,558 shares of the Wireless communications provider’s stock worth $11,667,000 after purchasing an additional 1,023,717 shares during the period. Hedge funds and other institutional investors own 32.33% of the company’s stock.

A number of research analysts have commented on MBT shares. TheStreet upgraded shares of Mobil'nye Telesistemy PAO from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Gabelli restated a “buy” rating on shares of Mobil'nye Telesistemy PAO in a research note on Friday, February 16th. Zacks Investment Research upgraded shares of Mobil'nye Telesistemy PAO from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Thursday, January 25th. Bank of America upgraded shares of Mobil'nye Telesistemy PAO from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Deutsche Bank cut shares of Mobil'nye Telesistemy PAO from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $11.10.

Shares of Mobil'nye Telesistemy PAO (MBT) opened at $12.17 on Wednesday. The firm has a market cap of $11,909.61, a P/E ratio of 12.21, a PEG ratio of 0.94 and a beta of 1.07. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 0.93. Mobil'nye Telesistemy PAO has a fifty-two week low of $7.76 and a fifty-two week high of $12.30.

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Mobil'nye Telesistemy PAO Profile

Mobil’nye Telesistemy PAO is a Russia-based provider of telecommunications services. The Company provides mobile and fixed-line voice and data telecommunications services, including data transfer, broadband, pay-television (pay-TV) and various value-added services, as well as selling equipment and accessories.

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

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