Allianz Asset Management GmbH raised its stake in Mobile TeleSystems OJSC (NYSE:MBT) by 74.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,052,094 shares of the Wireless communications provider’s stock after purchasing an additional 1,297,673 shares during the period. Allianz Asset Management GmbH owned 0.31% of Mobile TeleSystems OJSC worth $31,864,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new position in shares of Mobile TeleSystems OJSC in the second quarter valued at $103,000. Sciencast Management LP acquired a new position in shares of Mobile TeleSystems OJSC in the second quarter valued at about $103,000. Lapides Asset Management LLC grew its stake in shares of Mobile TeleSystems OJSC by 25.7% in the second quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock valued at $119,000 after acquiring an additional 2,900 shares in the last quarter. M&T Bank Corp grew its stake in shares of Mobile TeleSystems OJSC by 23.5% in the second quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock valued at $126,000 after acquiring an additional 2,852 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Mobile TeleSystems OJSC by 95.1% in the third quarter. Quantbot Technologies LP now owns 19,089 shares of the Wireless communications provider’s stock valued at $199,000 after acquiring an additional 9,303 shares in the last quarter. Hedge funds and other institutional investors own 32.22% of the company’s stock.

Mobile TeleSystems OJSC (MBT) traded down $0.21 during mid-day trading on Friday, hitting $8.73. 3,981,740 shares of the company traded hands, compared to its average volume of 2,293,650. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.93 and a quick ratio of 0.86. Mobile TeleSystems OJSC has a fifty-two week low of $7.76 and a fifty-two week high of $11.59. The firm has a market capitalization of $8,894.90, a P/E ratio of 9.12, a PEG ratio of 0.84 and a beta of 0.94.

MBT has been the topic of several research reports. BidaskClub upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. ValuEngine upgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Deutsche Bank initiated coverage on shares of Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They issued a “buy” rating and a $12.50 price target on the stock. Finally, TheStreet upgraded shares of Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Mobile TeleSystems OJSC has a consensus rating of “Buy” and a consensus price target of $10.85.

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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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