Macquarie Group Ltd. Buys 33,733 Shares of Mobile TeleSystems OJSC (MBT)

Macquarie Group Ltd. raised its stake in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,678,177 shares of the Wireless communications provider’s stock after acquiring an additional 33,733 shares during the quarter. Macquarie Group Ltd. owned approximately 0.37% of Mobile TeleSystems OJSC worth $38,400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MBT. BlackRock Inc. raised its stake in Mobile TeleSystems OJSC by 13.1% in the 2nd quarter. BlackRock Inc. now owns 27,526,734 shares of the Wireless communications provider’s stock worth $230,672,000 after acquiring an additional 3,184,940 shares during the last quarter. Vanguard Group Inc. raised its stake in Mobile TeleSystems OJSC by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 16,872,024 shares of the Wireless communications provider’s stock worth $141,388,000 after acquiring an additional 918,218 shares during the last quarter. State Street Corp raised its stake in Mobile TeleSystems OJSC by 21.6% in the 2nd quarter. State Street Corp now owns 9,127,385 shares of the Wireless communications provider’s stock worth $76,488,000 after acquiring an additional 1,622,200 shares during the last quarter. Wells Fargo & Company MN raised its stake in Mobile TeleSystems OJSC by 9.8% in the 2nd quarter. Wells Fargo & Company MN now owns 7,103,665 shares of the Wireless communications provider’s stock worth $59,528,000 after acquiring an additional 636,349 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Mobile TeleSystems OJSC by 9.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,600,713 shares of the Wireless communications provider’s stock worth $38,554,000 after acquiring an additional 390,366 shares during the last quarter. 31.64% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Mobile TeleSystems OJSC (NYSE MBT) opened at $10.60 on Wednesday. Mobile TeleSystems OJSC has a 12-month low of $7.22 and a 12-month high of $11.59. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 0.93. The company has a market capitalization of $10,427.13, a PE ratio of 10.69, a PEG ratio of 0.94 and a beta of 0.95.

Mobile TeleSystems OJSC (NYSE:MBT) last posted its quarterly earnings data on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a return on equity of 43.01% and a net margin of 13.61%. The company had revenue of $1.87 billion for the quarter. analysts predict that Mobile TeleSystems OJSC will post 1.03 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on MBT shares. J P Morgan Chase & Co upgraded Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 target price for the company in a research note on Wednesday, July 26th. BidaskClub upgraded Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research lowered Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. ValuEngine upgraded Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Deutsche Bank AG started coverage on Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They set a “buy” rating and a $12.50 price objective for the company. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Mobile TeleSystems OJSC currently has a consensus rating of “Buy” and an average price target of $11.23.

Mobile TeleSystems OJSC 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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