First Trust Advisors LP Increases Holdings in Mobile TeleSystems OJSC (MBT)

First Trust Advisors LP raised its position in Mobile TeleSystems OJSC (NYSE:MBT) by 1,090.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,117,558 shares of the Wireless communications provider’s stock after acquiring an additional 1,023,717 shares during the period. First Trust Advisors LP owned approximately 0.11% of Mobile TeleSystems OJSC worth $11,667,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in MBT. 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 acquiring an additional 3,184,940 shares during the period. 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 acquiring an additional 1,622,200 shares during the period. Canada Pension Plan Investment Board grew its stake in Mobile TeleSystems OJSC by 183.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,821,797 shares of the Wireless communications provider’s stock valued at $15,267,000 after acquiring an additional 1,178,000 shares during the period. Bank of New York Mellon Corp grew its stake 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 valued at $35,447,000 after acquiring an additional 937,432 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in Mobile TeleSystems OJSC in the second quarter valued at approximately $7,409,000. 32.30% of the stock is owned by hedge funds and other institutional investors.

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MBT has been the subject of a number of research reports. ValuEngine raised Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Deutsche Bank AG initiated coverage on Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They issued a “buy” rating and a $12.50 price objective for the company. BidaskClub raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, J P Morgan Chase & Co raised Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective for the company in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Mobile TeleSystems OJSC has an average rating of “Buy” and an average price target of $11.23.

Mobile TeleSystems OJSC (NYSE MBT) opened at $10.92 on Friday. The stock has a market capitalization of $11,024.10, a P/E ratio of 12.18, a P/E/G ratio of 0.99 and a beta of 0.95. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 1.96. Mobile TeleSystems OJSC has a 1 year low of $7.09 and a 1 year high of $11.59.

Mobile TeleSystems OJSC (NYSE:MBT) last announced its earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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%. research analysts forecast that Mobile TeleSystems OJSC will post 1.03 EPS for the current 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.

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

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