Mobile TeleSystems OJSC (MBT) Stake Lowered by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. decreased its position in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 31.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,250 shares of the Wireless communications provider’s stock after selling 72,450 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Mobile TeleSystems OJSC were worth $1,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Prudential PLC grew its holdings in shares of Mobile TeleSystems OJSC by 391.8% during the second quarter. Prudential PLC now owns 863,968 shares of the Wireless communications provider’s stock valued at $7,240,000 after buying an additional 688,300 shares during the last quarter. Airain ltd boosted its holdings in Mobile TeleSystems OJSC by 597.6% in the second quarter. Airain ltd now owns 331,918 shares of the Wireless communications provider’s stock worth $2,781,000 after purchasing an additional 284,340 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 worth $141,388,000 after purchasing an additional 918,218 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Mobile TeleSystems OJSC by 28.5% in the second quarter. Bank of New York Mellon Corp now owns 4,229,988 shares of the Wireless communications provider’s stock worth $35,447,000 after purchasing an additional 937,432 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Mobile TeleSystems OJSC by 31.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 502,493 shares of the Wireless communications provider’s stock worth $4,211,000 after purchasing an additional 120,234 shares during the last quarter. Hedge funds and other institutional investors own 32.30% of the company’s stock.

Mobile TeleSystems OJSC (NYSE MBT) opened at $11.05 on Friday. The firm has a market cap of $10,994.25, a price-to-earnings ratio of 12.14, a PEG ratio of 0.99 and a beta of 0.95. Mobile TeleSystems OJSC has a one year low of $7.09 and a one year high of $11.59. 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 (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. The business had revenue of $1.87 billion for the quarter. Mobile TeleSystems OJSC had a net margin of 12.42% and a return on equity of 40.25%. equities research analysts forecast that Mobile TeleSystems OJSC will post 1.03 earnings per share for the current fiscal year.

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

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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