BlackRock Inc. Has $268.49 Million Position in Mobile TeleSystems OJSC (NYSE:MBT)

BlackRock Inc. boosted its stake in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 7,751.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (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 2.45% of Mobile TeleSystems OJSC worth $268,492,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MBT. Quantbot Technologies LP purchased a new stake in shares of Mobile TeleSystems OJSC during the first quarter valued at approximately $130,000. M&T Bank Corp purchased a new stake in shares of Mobile TeleSystems OJSC during the first quarter valued at approximately $134,000. Envestnet Asset Management Inc. raised its stake in shares of Mobile TeleSystems OJSC by 39.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,133 shares of the Wireless communications provider’s stock valued at $146,000 after buying an additional 4,585 shares during the last quarter. Symphony Asset Management LLC purchased a new stake in shares of Mobile TeleSystems OJSC during the first quarter valued at approximately $165,000. Finally, Ronald Blue & Co. LLC raised its stake in shares of Mobile TeleSystems OJSC by 4.6% in the first quarter. Ronald Blue & Co. LLC now owns 16,872 shares of the Wireless communications provider’s stock valued at $186,000 after buying an additional 738 shares during the last quarter. Institutional investors own 34.78% of the company’s stock.

Mobile TeleSystems OJSC (NYSE MBT) opened at 8.00 on Wednesday. Mobile TeleSystems OJSC has a 12-month low of $7.09 and a 12-month high of $11.59. The stock has a 50 day moving average of $9.09 and a 200 day moving average of $9.93. The company has a market capitalization of $7.91 billion, a PE ratio of 5.31 and a beta of 0.93.

The business also recently announced a dividend, which was paid on Monday, July 10th. Shareholders of record on Monday, July 10th were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This is an increase from Mobile TeleSystems OJSC’s previous dividend of $0.38. Mobile TeleSystems OJSC’s payout ratio is currently 97.33%.

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MBT has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research note on Tuesday, June 27th. Morgan Stanley lowered shares of Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $12.60 to $9.90 in a research note on Thursday, May 4th. Standpoint Research lowered shares of Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. Finally, BidaskClub lowered shares of Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Mobile TeleSystems OJSC presently has an average rating of “Hold” and an average target price of $9.83.

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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