Legal & General Group Plc Buys 79,182 Shares of Mobile TeleSystems OJSC (MBT)
Legal & General Group Plc lifted its stake in Mobile TeleSystems OJSC (NYSE:MBT) by 12.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 702,863 shares of the Wireless communications provider’s stock after buying an additional 79,182 shares during the period. Legal & General Group Plc owned approximately 0.07% of Mobile TeleSystems OJSC worth $5,890,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of MBT. Greenleaf Trust bought a new stake in shares of Mobile TeleSystems OJSC in the second quarter valued at approximately $115,000. Quantbot Technologies LP bought a new stake in shares of Mobile TeleSystems OJSC in the first quarter valued at approximately $130,000. M&T Bank Corp bought a new stake in shares of Mobile TeleSystems OJSC in the first quarter valued at approximately $134,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Mobile TeleSystems OJSC in the second quarter valued at approximately $150,000. Finally, Symphony Asset Management LLC bought a new stake in shares of Mobile TeleSystems OJSC in the first quarter valued at approximately $165,000. Institutional investors and hedge funds own 32.15% of the company’s stock.
Mobile TeleSystems OJSC (MBT) opened at 10.64 on Friday. Mobile TeleSystems OJSC has a 12 month low of $7.09 and a 12 month high of $11.59. The firm’s 50-day moving average is $9.04 and its 200 day moving average is $9.55. The firm has a market capitalization of $10.40 billion, a P/E ratio of 6.26 and a beta of 0.91.
Mobile TeleSystems OJSC (NYSE:MBT) last announced its quarterly earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a net margin of 12.42% and a return on equity of 40.25%. The firm had revenue of $1.87 billion during the quarter. On average, analysts expect that Mobile TeleSystems OJSC will post $0.98 EPS for the current fiscal year.
MBT has been the subject of several recent research reports. Zacks Investment Research cut Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. BidaskClub upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. J P Morgan Chase & Co upgraded shares of Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective for the company in a research report on Wednesday, July 26th. Finally, ValuEngine upgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Mobile TeleSystems OJSC currently has an average rating of “Buy” and a consensus price target of $10.05.
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Mobile TeleSystems OJSC 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.
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