Moon Capital Management LP Position in Mobile Telesystems Pjsc (MBT) Trimmed by $11.16 Million as Share Value Declined

February 4, 2018 - By Darrin Black

John W. Moon decreased its stake in Mobile Telesystems Pjsc (MBT) by 50.44% based on its latest 2017Q3 regulatory filing with the SEC. Moon Capital Management Lp sold 1.12 million shares as the company’s stock declined 10.26% while stock markets rallied. The hedge fund run by John W. Moon held 1.10M shares of the telecommunications equipment company at the end of 2017Q3, valued at $11.46M, down from 2.21 million at the end of the previous reported quarter. Moon Capital Management Lp who had been investing in Mobile Telesystems Pjsc for a number of months, seems to be less bullish one the $11.71B market cap company. The stock decreased 1.14% or $0.14 during the last trading session, reaching $12.13. About 3.27 million shares traded or 13.56% up from the average. Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) has risen 4.98% since February 4, 2017 and is uptrending. It has underperformed by 11.72% the S&P500.

More notable recent Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) news were published by: Nasdaq.com which released: “Mid-Afternoon Market Update: Crude Oil Down 0.8%; Kazia Therapeutics Shares …” on December 27, 2017, also Nasdaq.com with their article: “Validea David Dreman Strategy Daily Upgrade Report – 8/4/2017” published on August 04, 2017, Benzinga.com published: “28 Stocks Moving In Wednesday’s Pre-Market Session” on December 06, 2017. More interesting news about Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) were released by: Investorplace.com and their article: “4 Russian Stocks Feeling the Pain” published on July 10, 2017 as well as Benzinga.com‘s news article titled: “16 Stocks Moving In Monday’s Pre-Market Session” with publication date: October 31, 2016.

Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) Ratings Coverage

Among 10 analysts covering Mobile TeleSystems (NYSE:MBT), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Mobile TeleSystems has $12.5 highest and $8 lowest target. $9.78’s average target is -19.37% below currents $12.13 stock price. Mobile TeleSystems had 20 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) earned “Hold” rating by HSBC on Thursday, March 24. On Thursday, March 24 the stock rating was downgraded by Deutsche Bank to “Hold”. Morgan Stanley downgraded Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) on Friday, May 5 to “Equal Weight” rating. The firm has “Overweight” rating by Morgan Stanley given on Monday, January 22. The stock of Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) earned “Hold” rating by HSBC on Thursday, September 1. The firm has “Buy” rating by Deutsche Bank given on Thursday, January 14. The firm has “Overweight” rating given on Wednesday, July 26 by JP Morgan. The firm has “Buy” rating given on Wednesday, July 26 by J.P. Morgan. The stock of Public Joint-Stock Company Mobile TeleSystems (NYSE:MBT) earned “Hold” rating by Standpoint Research on Friday, April 7. Citigroup downgraded it to “Neutral” rating and $8 target in Thursday, March 10 report.

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