Todd Asset Management LLC lowered its holdings in Mobile TeleSystems OJSC (NYSE:MBT) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,699,422 shares of the Wireless communications provider’s stock after selling 7,307 shares during the period. Todd Asset Management LLC owned about 0.17% of Mobile TeleSystems OJSC worth $17,742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tudor Investment Corp ET AL bought a new position in Mobile TeleSystems OJSC in the second quarter worth about $103,000. Sciencast Management LP bought a new position in Mobile TeleSystems OJSC in the second quarter worth about $103,000. Greenleaf Trust bought a new position in Mobile TeleSystems OJSC in the second quarter worth about $115,000. Lapides Asset Management LLC lifted its holdings in Mobile TeleSystems OJSC by 25.7% in the second quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock worth $119,000 after acquiring an additional 2,900 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings 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 worth $126,000 after acquiring an additional 2,852 shares during the last quarter. 32.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on MBT. ValuEngine raised 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 raised Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price target on the stock in a report on Wednesday, July 26th. Zacks Investment Research cut Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Deutsche Bank AG began coverage on Mobile TeleSystems OJSC in a report on Tuesday, September 12th. They set a “buy” rating and a $12.50 price target 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. Mobile TeleSystems OJSC currently has a consensus rating of “Buy” and an average price target of $11.23.

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Mobile TeleSystems OJSC (NYSE:MBT) traded up $0.19 on Tuesday, hitting $11.12. The stock had a trading volume of 576,317 shares, compared to its average volume of 2,200,000. The company has a market capitalization of $10,110.00, a PE ratio of 12.14, a PEG ratio of 0.99 and a beta of 0.95. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.00 and a current ratio of 1.07. Mobile TeleSystems OJSC has a 52 week low of $7.09 and a 52 week high of $11.59.

Mobile TeleSystems OJSC (NYSE:MBT) last released its quarterly 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. The company had revenue of $1.87 billion for the quarter. Mobile TeleSystems OJSC had a return on equity of 40.25% and a net margin of 12.42%. equities analysts forecast that Mobile TeleSystems OJSC will post 1.03 earnings per share for the current fiscal 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.

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

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