Mobile TeleSystems OJSC (NYSE:MBT) Stake Boosted by BlackRock Inc.

BlackRock Inc. increased its stake in Mobile TeleSystems OJSC (NYSE:MBT) by 7,751.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 24,341,794 shares of the Wireless communications provider’s stock after buying an additional 24,031,747 shares during the period. BlackRock Inc. owned about 2.45% of Mobile TeleSystems OJSC worth $268,492,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MBT. Renaissance Technologies LLC boosted its stake in shares of Mobile TeleSystems OJSC by 40.5% in the first quarter. Renaissance Technologies LLC now owns 14,961,950 shares of the Wireless communications provider’s stock valued at $165,030,000 after buying an additional 4,311,200 shares during the last quarter. Morgan Stanley boosted its stake in shares of Mobile TeleSystems OJSC by 331.5% in the first quarter. Morgan Stanley now owns 1,874,277 shares of the Wireless communications provider’s stock valued at $20,674,000 after buying an additional 1,439,959 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Mobile TeleSystems OJSC by 5.7% in the first quarter. Lazard Asset Management LLC now owns 58,473,906 shares of the Wireless communications provider’s stock valued at $644,967,000 after buying an additional 3,174,895 shares during the last quarter. Ativo Capital Management LLC boosted its stake in shares of Mobile TeleSystems OJSC by 7.6% in the first quarter. Ativo Capital Management LLC now owns 149,200 shares of the Wireless communications provider’s stock valued at $1,646,000 after buying an additional 10,600 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Mobile TeleSystems OJSC by 3.7% in the first quarter. Vanguard Group Inc. now owns 15,953,806 shares of the Wireless communications provider’s stock valued at $175,971,000 after buying an additional 568,934 shares during the last quarter. 34.92% of the stock is currently owned by institutional investors.

Mobile TeleSystems OJSC (NYSE:MBT) traded down 1.58% on Friday, hitting $8.70. The stock had a trading volume of 3,022,440 shares. The firm’s 50 day moving average price is $8.49 and its 200-day moving average price is $9.78. Mobile TeleSystems OJSC has a 12 month low of $7.09 and a 12 month high of $11.59. The stock has a market cap of $8.61 billion, a PE ratio of 5.78 and a beta of 0.94.

The company also recently declared a None dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were issued a dividend of $0.412 per share. The ex-dividend date of this dividend was Thursday, July 6th. Mobile TeleSystems OJSC’s dividend payout ratio is currently 96.00%.

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Several brokerages have weighed in on MBT. J P Morgan Chase & Co raised Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective on the stock in a research note on Wednesday, July 26th. BidaskClub raised Mobile TeleSystems OJSC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research note on Tuesday, June 27th. Finally, Morgan Stanley cut Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $12.60 to $9.90 in a research note on Thursday, May 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $10.05.

Mobile TeleSystems OJSC Company Profile

Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a 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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