Mobile TeleSystems OJSC (MBT) Stake Boosted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 12.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,122 shares of the Wireless communications provider’s stock after acquiring an additional 5,472 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Mobile TeleSystems OJSC were worth $513,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MBT. Alliancebernstein L.P. increased its holdings in shares of Mobile TeleSystems OJSC by 112.4% during the first quarter. Alliancebernstein L.P. now owns 30,900 shares of the Wireless communications provider’s stock valued at $341,000 after acquiring an additional 16,350 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Mobile TeleSystems OJSC by 99.2% during the first quarter. Principal Financial Group Inc. now owns 325,253 shares of the Wireless communications provider’s stock valued at $3,588,000 after acquiring an additional 161,944 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Mobile TeleSystems OJSC during the first quarter valued at about $986,000. Teachers Advisors LLC increased its holdings in shares of Mobile TeleSystems OJSC by 3.4% during the first quarter. Teachers Advisors LLC now owns 246,349 shares of the Wireless communications provider’s stock valued at $2,717,000 after acquiring an additional 8,200 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Mobile TeleSystems OJSC by 3.7% during the first quarter. Vanguard Group Inc. now owns 15,953,806 shares of the Wireless communications provider’s stock valued at $175,971,000 after acquiring an additional 568,934 shares in the last quarter. Hedge funds and other institutional investors own 32.25% of the company’s stock.

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Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. J P Morgan Chase & Co upgraded shares of Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective on the stock in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Deutsche Bank AG initiated coverage on shares of Mobile TeleSystems OJSC in a report on Tuesday, September 12th. They set a “buy” rating and a $12.50 price objective on the stock. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $11.23.

Mobile TeleSystems OJSC (NYSE:MBT) opened at $11.11 on Wednesday. Mobile TeleSystems OJSC has a fifty-two week low of $7.09 and a fifty-two week high of $11.59. 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 firm has a market cap of $10,874.86, a P/E ratio of 12.01, a P/E/G ratio of 0.98 and a beta of 0.95.

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

About Mobile TeleSystems OJSC

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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