Alps Advisors Inc. decreased its position in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,184 shares of the Wireless communications provider’s stock after selling 6,300 shares during the period. Alps Advisors Inc.’s holdings in Mobile TeleSystems OJSC were worth $931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. OLD National Bancorp IN lifted its stake in Mobile TeleSystems OJSC by 1.0% during the 2nd quarter. OLD National Bancorp IN now owns 23,976 shares of the Wireless communications provider’s stock worth $201,000 after acquiring an additional 232 shares in the last quarter. Financial Counselors Inc. lifted its stake in Mobile TeleSystems OJSC by 2.8% during the 2nd quarter. Financial Counselors Inc. now owns 29,193 shares of the Wireless communications provider’s stock worth $245,000 after acquiring an additional 804 shares in the last quarter. CIBC World Markets Inc. lifted its stake in Mobile TeleSystems OJSC by 9.0% during the 2nd quarter. CIBC World Markets Inc. now owns 20,732 shares of the Wireless communications provider’s stock worth $174,000 after acquiring an additional 1,707 shares in the last quarter. Profund Advisors LLC lifted its stake in Mobile TeleSystems OJSC by 11.7% during the 2nd quarter. Profund Advisors LLC now owns 23,360 shares of the Wireless communications provider’s stock worth $196,000 after acquiring an additional 2,440 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Mobile TeleSystems OJSC by 8.2% during the 2nd quarter. Advisory Services Network LLC now owns 32,812 shares of the Wireless communications provider’s stock worth $275,000 after acquiring an additional 2,489 shares in the last quarter. 32.25% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on MBT. ValuEngine raised Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. J P Morgan Chase & Co raised Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 target price on the stock in a research note on Wednesday, July 26th. Zacks Investment Research lowered Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Deutsche Bank AG started coverage on Mobile TeleSystems OJSC in a research report on Tuesday, September 12th. They issued a “buy” rating and a $12.50 price target on the stock. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Mobile TeleSystems OJSC presently has a consensus rating of “Buy” and a consensus target price of $11.23.

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Shares of Mobile TeleSystems OJSC (NYSE MBT) opened at $10.93 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.07 and a quick ratio of 1.00. The stock has a market capitalization of $10,994.25, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95. Mobile TeleSystems OJSC has a 12-month low of $7.09 and a 12-month high of $11.59.

Mobile TeleSystems OJSC (NYSE:MBT) last posted its quarterly earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $1.87 billion for the quarter. Mobile TeleSystems OJSC had a return on equity of 40.25% and a net margin of 12.42%. equities research analysts expect that Mobile TeleSystems OJSC will post 1.03 earnings per share for the current fiscal year.

About Mobile TeleSystems OJSC

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)

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