Sumitomo Mitsui Asset Management Company LTD continued to hold its position in shares of Mobile TeleSystems OJSC (NYSE:MBT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,000 shares of the Wireless communications provider’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Mobile TeleSystems OJSC were worth $276,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC raised its position 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 worth $644,967,000 after buying an additional 3,174,895 shares during the period. BlackRock Inc. increased its stake in Mobile TeleSystems OJSC by 7,751.0% in the first quarter. BlackRock Inc. now owns 24,341,794 shares of the Wireless communications provider’s stock worth $268,492,000 after buying an additional 24,031,747 shares during the period. Comerica Bank increased its stake in Mobile TeleSystems OJSC by 1.1% in the first quarter. Comerica Bank now owns 58,222 shares of the Wireless communications provider’s stock worth $603,000 after buying an additional 660 shares during the period. Macquarie Group Ltd. increased its stake in Mobile TeleSystems OJSC by 3.1% in the first quarter. Macquarie Group Ltd. now owns 3,632,131 shares of the Wireless communications provider’s stock worth $40,064,000 after buying an additional 109,911 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Mobile TeleSystems OJSC by 5.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 189,869 shares of the Wireless communications provider’s stock worth $2,094,000 after buying an additional 10,630 shares during the period. 34.95% of the stock is owned by institutional investors and hedge funds.

Shares of Mobile TeleSystems OJSC (NYSE MBT) opened at 8.53 on Friday. The firm has a 50-day moving average price of $8.42 and a 200-day moving average price of $9.69. The firm has a market capitalization of $8.44 billion, a P/E ratio of 5.66 and a beta of 0.94. Mobile TeleSystems OJSC has a 52-week low of $7.09 and a 52-week high of $11.59.

The business also recently disclosed a None dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a $0.412 dividend. 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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A number of research firms have weighed in on MBT. J P Morgan Chase & Co upgraded Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 target price for the company in a research report on Wednesday, July 26th. Zacks Investment Research upgraded Mobile TeleSystems OJSC from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research report on Wednesday, April 19th. BidaskClub upgraded Mobile TeleSystems OJSC from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley downgraded Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $12.60 to $9.90 in a research report on Thursday, May 4th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price 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.

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Institutional Ownership by Quarter for Mobile TeleSystems OJSC (NYSE:MBT)

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