Asset Management One Co. Ltd. boosted its position in Mobile TeleSystems OJSC (NYSE:MBT) by 14.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,219 shares of the Wireless communications provider’s stock after buying an additional 12,224 shares during the period. Asset Management One Co. Ltd.’s holdings in Mobile TeleSystems OJSC were worth $1,063,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in MBT. Schroder Investment Management Group increased its position in Mobile TeleSystems OJSC by 31.2% in the first quarter. Schroder Investment Management Group now owns 15,811,040 shares of the Wireless communications provider’s stock worth $175,029,000 after buying an additional 3,761,280 shares during the period. UBS Asset Management Americas Inc. increased its position in Mobile TeleSystems OJSC by 105.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 5,285,608 shares of the Wireless communications provider’s stock worth $48,152,000 after buying an additional 2,707,575 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Mobile TeleSystems OJSC during the fourth quarter worth approximately $7,857,000. Pictet Asset Management Ltd. increased its position in Mobile TeleSystems OJSC by 22.1% in the first quarter. Pictet Asset Management Ltd. now owns 4,251,183 shares of the Wireless communications provider’s stock worth $46,890,000 after buying an additional 769,148 shares during the period. Finally, Sei Investments Co. increased its position in Mobile TeleSystems OJSC by 134.6% in the first quarter. Sei Investments Co. now owns 904,104 shares of the Wireless communications provider’s stock worth $9,972,000 after buying an additional 518,769 shares during the period. Institutional investors own 34.78% of the company’s stock.

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

Shares of Mobile TeleSystems OJSC (NYSE:MBT) opened at 8.83 on Friday. The stock has a market capitalization of $8.74 billion, a P/E ratio of 5.86 and a beta of 0.93. Mobile TeleSystems OJSC has a one year low of $7.09 and a one year high of $11.59. The company’s 50 day moving average price is $9.40 and its 200 day moving average price is $9.92.

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A number of equities analysts have recently commented on MBT shares. Zacks Investment Research upgraded Mobile TeleSystems OJSC from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a report on Wednesday, April 19th. Morgan Stanley downgraded Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $12.60 to $9.90 in a report on Thursday, May 4th. Finally, Standpoint Research downgraded Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $10.63.

About Mobile TeleSystems OJSC

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.

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