Mobile TeleSystems OJSC (MBT) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC raised its holdings in Mobile TeleSystems OJSC (NYSE:MBT) by 12.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,102 shares of the Wireless communications provider’s stock after purchasing an additional 8,087 shares during the quarter. Voya Investment Management LLC’s holdings in Mobile TeleSystems OJSC were worth $596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MBT. OxFORD Asset Management LLP raised its position in shares of Mobile TeleSystems OJSC by 103.6% during the second quarter. OxFORD Asset Management LLP now owns 325,784 shares of the Wireless communications provider’s stock worth $2,730,000 after acquiring an additional 165,741 shares during the last quarter. Virtu KCG Holdings LLC increased its holdings in Mobile TeleSystems OJSC by 5.0% in the second quarter. Virtu KCG Holdings LLC now owns 104,202 shares of the Wireless communications provider’s stock valued at $873,000 after purchasing an additional 4,989 shares during the last quarter. M&T Bank Corp grew its stake in Mobile TeleSystems OJSC by 23.5% in the second quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock valued at $126,000 after acquiring an additional 2,852 shares during the period. California Public Employees Retirement System grew its stake in Mobile TeleSystems OJSC by 2.3% in the second quarter. California Public Employees Retirement System now owns 1,331,467 shares of the Wireless communications provider’s stock valued at $11,158,000 after acquiring an additional 30,108 shares during the period. Finally, Vanguard Group Inc. grew its stake in Mobile TeleSystems OJSC by 5.8% in the second quarter. Vanguard Group Inc. now owns 16,872,024 shares of the Wireless communications provider’s stock valued at $141,388,000 after acquiring an additional 918,218 shares during the period. Hedge funds and other institutional investors own 32.31% of the company’s stock.

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Several research analysts have recently weighed in on the company. ValuEngine raised Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. J P Morgan Chase & Co upgraded Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective on the stock in a research note on Wednesday, July 26th. Zacks Investment Research lowered Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub upgraded Mobile TeleSystems OJSC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG began coverage on Mobile TeleSystems OJSC in a research report on Tuesday, September 12th. They set a “buy” rating and a $12.50 price target on the stock. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Mobile TeleSystems OJSC presently has an average rating of “Buy” and an average price target of $11.23.

Shares of Mobile TeleSystems OJSC (MBT) opened at $10.81 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.07 and a quick ratio of 1.00. The stock has a market cap of $10.77 billion, a P/E ratio of 11.89, a PEG ratio of 0.97 and a beta of 0.95.

Mobile TeleSystems OJSC (NYSE:MBT) last issued its earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a return on equity of 40.25% and a net margin of 12.42%. The firm had revenue of $1.87 billion for the quarter. equities analysts predict that Mobile TeleSystems OJSC will post 1.03 EPS for the current year.

Mobile TeleSystems OJSC Company 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.

Institutional Ownership by Quarter for Mobile TeleSystems OJSC (NYSE:MBT)

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