Boston Partners Acquires Shares of 30,451 Mobile TeleSystems OJSC (MBT)

Boston Partners purchased a new position in Mobile TeleSystems OJSC (NYSE:MBT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 30,451 shares of the Wireless communications provider’s stock, valued at approximately $318,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MBT. Tudor Investment Corp ET AL purchased a new stake in Mobile TeleSystems OJSC during the 2nd quarter valued at $103,000. Sciencast Management LP purchased a new stake in Mobile TeleSystems OJSC during the 2nd quarter valued at $103,000. Greenleaf Trust purchased a new stake in Mobile TeleSystems OJSC during the 2nd quarter valued at $115,000. Lapides Asset Management LLC raised its holdings in Mobile TeleSystems OJSC by 25.7% during the 2nd quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock valued at $119,000 after buying an additional 2,900 shares during the period. Finally, M&T Bank Corp raised its holdings in Mobile TeleSystems OJSC by 23.5% during the 2nd quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock valued at $126,000 after buying an additional 2,852 shares during the period. 32.22% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on MBT. ValuEngine raised Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BidaskClub raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Deutsche Bank initiated coverage on Mobile TeleSystems OJSC in a research report on Tuesday, September 12th. They set a “buy” rating and a $12.50 price target on the stock. Finally, TheStreet raised Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a research report on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mobile TeleSystems OJSC currently has a consensus rating of “Buy” and a consensus target price of $10.85.

Shares of Mobile TeleSystems OJSC (NYSE MBT) traded down $0.10 during trading hours on Wednesday, hitting $9.47. The stock had a trading volume of 5,475,540 shares, compared to its average volume of 2,998,482. Mobile TeleSystems OJSC has a 1 year low of $7.76 and a 1 year high of $11.59. The stock has a market capitalization of $8,970.00, a PE ratio of 10.01, a price-to-earnings-growth ratio of 0.88 and a beta of 0.93. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 0.93.

COPYRIGHT VIOLATION WARNING: “Boston Partners Acquires Shares of 30,451 Mobile TeleSystems OJSC (MBT)” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://stocknewstimes.com/2017/12/06/boston-partners-purchases-new-position-in-mobile-telesystems-ojsc-mbt.html.

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)

Receive News & Ratings for Mobile TeleSystems OJSC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile TeleSystems OJSC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply