Mobil’nye Telesistemy PAO (NYSE:MBT) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its position in shares of Mobil’nye Telesistemy PAO (NYSE:MBT) by 64.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 565,268 shares of the Wireless communications provider’s stock after selling 1,042,800 shares during the quarter. Allianz Asset Management GmbH owned about 0.06% of Mobil’nye Telesistemy PAO worth $5,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Alps Advisors Inc. increased its stake in shares of Mobil’nye Telesistemy PAO by 1.7% in the 1st quarter. Alps Advisors Inc. now owns 85,533 shares of the Wireless communications provider’s stock valued at $647,000 after purchasing an additional 1,400 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Mobil’nye Telesistemy PAO by 0.6% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 233,200 shares of the Wireless communications provider’s stock valued at $1,763,000 after acquiring an additional 1,400 shares during the last quarter. Boston Partners lifted its holdings in Mobil’nye Telesistemy PAO by 1.3% in the first quarter. Boston Partners now owns 258,403 shares of the Wireless communications provider’s stock valued at $1,954,000 after acquiring an additional 3,362 shares during the last quarter. Comerica Bank lifted its holdings in Mobil’nye Telesistemy PAO by 6.8% in the first quarter. Comerica Bank now owns 63,261 shares of the Wireless communications provider’s stock valued at $508,000 after acquiring an additional 4,009 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Mobil’nye Telesistemy PAO by 1.4% during the first quarter. Bank of Montreal Can now owns 333,328 shares of the Wireless communications provider’s stock worth $2,520,000 after purchasing an additional 4,509 shares in the last quarter. 31.09% of the stock is owned by institutional investors.

NYSE:MBT opened at $8.17 on Friday. The business’s fifty day moving average price is $7.99 and its 200 day moving average price is $8.12. The firm has a market capitalization of $7.64 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. Mobil’nye Telesistemy PAO has a 12 month low of $6.64 and a 12 month high of $9.63. The company has a debt-to-equity ratio of 11.25, a current ratio of 0.61 and a quick ratio of 0.56.

Mobil’nye Telesistemy PAO (NYSE:MBT) last issued its quarterly earnings data on Tuesday, August 20th. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter. Mobil’nye Telesistemy PAO had a return on equity of 95.04% and a net margin of 1.45%. The company had revenue of $1.94 billion for the quarter. As a group, equities analysts anticipate that Mobil’nye Telesistemy PAO will post 0.95 EPS for the current year.

A number of research analysts have commented on the company. ValuEngine cut Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Zacks Investment Research lowered Mobil’nye Telesistemy PAO from a “hold” rating to a “sell” rating in a research report on Friday.

Mobil’nye Telesistemy PAO 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.

See Also: Price-Sales Ratio

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

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