UBS Asset Management Americas Inc. reduced its position in shares of Mobile TeleSystems OAO (NYSE:MBT) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,288,267 shares of the company’s stock after selling 292,800 shares during the period. UBS Asset Management Americas Inc. owned about 0.23% of Mobile TeleSystems OAO worth $18,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Mobile TeleSystems OAO during the second quarter worth approximately $102,000. OLD Mission Capital LLC bought a new position in Mobile TeleSystems OAO during the first quarter worth approximately $119,000. Flow Traders U.S. LLC bought a new position in Mobile TeleSystems OAO during the first quarter worth approximately $121,000. Princeton Alpha Management LP bought a new position in Mobile TeleSystems OAO during the second quarter worth approximately $125,000. Finally, Capstone Asset Management Co. bought a new position in Mobile TeleSystems OAO during the second quarter worth approximately $133,000. 37.40% of the stock is owned by institutional investors and hedge funds.

Mobile TeleSystems OAO (NYSE:MBT) traded down 0.78% during mid-day trading on Tuesday, hitting $7.67. The stock had a trading volume of 564,115 shares. The company’s 50 day moving average price is $8.47 and its 200 day moving average price is $8.59. Mobile TeleSystems OAO has a 52 week low of $5.15 and a 52 week high of $9.47. The firm has a market cap of $7.63 billion, a PE ratio of 5.25 and a beta of 1.40.

Several brokerages have commented on MBT. Zacks Investment Research raised Mobile TeleSystems OAO from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Tuesday, May 24th. Credit Suisse Group AG began coverage on Mobile TeleSystems OAO in a research note on Monday, June 20th. They set an “outperform” rating and a $10.00 target price for the company. Finally, HSBC downgraded Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a research note on Thursday, September 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Mobile TeleSystems OAO presently has a consensus rating of “Hold” and a consensus price target of $9.69.

About Mobile TeleSystems OAO

Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a 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.

5 Day Chart for NYSE:MBT

Receive News & Ratings for Mobile TeleSystems OAO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile TeleSystems OAO and related companies with Analyst Ratings Network's FREE daily email newsletter.