Mobile TeleSystems OJSC Sees Unusually Large Options Volume (NYSE:MBT)

Mobile TeleSystems OJSC (NYSE:MBT) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 1,127 put options on the stock. This is an increase of approximately Infinity compared to the average daily volume of 0 put options.

Shares of Mobile TeleSystems OJSC (NYSE:MBT) traded down $0.20 during trading on Monday, hitting $9.81. The stock had a trading volume of 2,752,907 shares, compared to its average volume of 2,988,161. The stock has a market capitalization of $9,959.50, a price-to-earnings ratio of 10.21, a P/E/G ratio of 0.89 and a beta of 0.94. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 0.93. Mobile TeleSystems OJSC has a 1 year low of $7.76 and a 1 year high of $11.59.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in Mobile TeleSystems OJSC by 13.1% in the second quarter. BlackRock Inc. now owns 27,526,734 shares of the Wireless communications provider’s stock valued at $230,672,000 after purchasing an additional 3,184,940 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Mobile TeleSystems OJSC in the third quarter valued at about $17,133,000. State Street Corp grew its stake in Mobile TeleSystems OJSC by 21.6% in the second quarter. State Street Corp now owns 9,127,385 shares of the Wireless communications provider’s stock valued at $76,488,000 after purchasing an additional 1,622,200 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Mobile TeleSystems OJSC by 19.7% in the third quarter. JPMorgan Chase & Co. now owns 9,438,681 shares of the Wireless communications provider’s stock valued at $99,861,000 after purchasing an additional 1,554,205 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Mobile TeleSystems OJSC by 74.0% in the third quarter. Allianz Asset Management GmbH now owns 3,052,094 shares of the Wireless communications provider’s stock worth $31,864,000 after acquiring an additional 1,297,673 shares in the last quarter. Hedge funds and other institutional investors own 32.22% of the company’s stock.

Several equities research analysts recently issued reports on MBT shares. Deutsche Bank initiated 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 for the company. Zacks Investment Research upgraded Mobile TeleSystems OJSC from a “sell” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research report on Wednesday, October 25th. TheStreet upgraded Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a research report on Friday, November 17th. ValuEngine upgraded Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $11.23.

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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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