Mobil’nye Telesistemy PAO (MBT) Shares Bought by Avalon Advisors LLC

Avalon Advisors LLC boosted its stake in shares of Mobil’nye Telesistemy PAO (NYSE:MBT) by 82.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,384 shares of the Wireless communications provider’s stock after purchasing an additional 40,784 shares during the quarter. Avalon Advisors LLC’s holdings in Mobil’nye Telesistemy PAO were worth $1,029,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Stone Ridge Asset Management LLC bought a new position in Mobil’nye Telesistemy PAO during the fourth quarter worth $133,000. Lake Street Advisors Group LLC bought a new position in Mobil’nye Telesistemy PAO during the fourth quarter worth $157,000. Lombard Odier Asset Management Switzerland SA bought a new position in Mobil’nye Telesistemy PAO during the fourth quarter worth $167,000. Investors Research Corp bought a new position in Mobil’nye Telesistemy PAO during the fourth quarter worth $307,000. Finally, Mackenzie Financial Corp bought a new position in Mobil’nye Telesistemy PAO during the fourth quarter worth $336,000. 32.33% of the stock is owned by hedge funds and other institutional investors.

MBT has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Mobil’nye Telesistemy PAO from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. ValuEngine cut shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a research report on Friday, June 22nd. VTB Capital raised shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Finally, HSBC raised shares of Mobil’nye Telesistemy PAO from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Mobil’nye Telesistemy PAO presently has a consensus rating of “Buy” and an average target price of $11.83.

Shares of Mobil’nye Telesistemy PAO opened at $8.83 on Friday, Marketbeat reports. The stock has a market capitalization of $8.31 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 0.74 and a beta of 1.06. Mobil’nye Telesistemy PAO has a 52-week low of $7.76 and a 52-week high of $12.80. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.84 and a quick ratio of 0.77.

Mobil’nye Telesistemy PAO (NYSE:MBT) last announced its earnings results on Wednesday, May 23rd. The Wireless communications provider reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $1.90 billion during the quarter. Mobil’nye Telesistemy PAO had a net margin of 13.76% and a return on equity of 45.69%. analysts anticipate that Mobil’nye Telesistemy PAO will post 1.08 earnings per share for the current year.

About Mobil’nye Telesistemy PAO

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. The company operates through three segments: Russia Convergent, Moscow Fixed Line, and Ukraine. It offers voice and data transmission, Internet access, pay TV, and various value added services through wireless and fixed lines, as well as sells equipment, accessories, and handsets.

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

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