Financial Counselors Inc. lifted its holdings in Mobile TeleSystems OJSC (NYSE:MBT) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,193 shares of the Wireless communications provider’s stock after purchasing an additional 804 shares during the period. Financial Counselors Inc.’s holdings in Mobile TeleSystems OJSC were worth $245,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of MBT. Profund Advisors LLC increased its stake in shares of Mobile TeleSystems OJSC by 24.8% in the first quarter. Profund Advisors LLC now owns 20,920 shares of the Wireless communications provider’s stock worth $231,000 after purchasing an additional 4,160 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Mobile TeleSystems OJSC by 69.8% in the first quarter. Russell Investments Group Ltd. now owns 592,191 shares of the Wireless communications provider’s stock worth $6,532,000 after purchasing an additional 243,500 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Mobile TeleSystems OJSC by 2.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 529,427 shares of the Wireless communications provider’s stock worth $5,840,000 after purchasing an additional 11,920 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Mobile TeleSystems OJSC by 10.6% in the first quarter. Advisors Asset Management Inc. now owns 81,374 shares of the Wireless communications provider’s stock worth $898,000 after purchasing an additional 7,780 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Mobile TeleSystems OJSC by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 3,292,556 shares of the Wireless communications provider’s stock worth $36,316,000 after purchasing an additional 142,198 shares during the period. Institutional investors and hedge funds own 32.15% of the company’s stock.

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A number of equities analysts have recently commented on MBT shares. Zacks Investment Research lowered Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. ValuEngine upgraded Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. J P Morgan Chase & Co upgraded Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective on the stock in a research note on Wednesday, July 26th. Finally, Deutsche Bank AG initiated coverage on Mobile TeleSystems OJSC in a research note on Tuesday. They set a “buy” rating and a $12.50 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.66.

Mobile TeleSystems OJSC (NYSE MBT) opened at 10.97 on Friday. The company’s 50-day moving average price is $9.32 and its 200 day moving average price is $9.56. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 6.39 and a beta of 0.91. Mobile TeleSystems OJSC has a 52 week low of $7.09 and a 52 week high of $11.59.

Mobile TeleSystems OJSC (NYSE:MBT) last released its quarterly earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The firm had revenue of $1.87 billion for the quarter. Mobile TeleSystems OJSC had a net margin of 12.42% and a return on equity of 40.25%. On average, analysts predict that Mobile TeleSystems OJSC will post $0.97 EPS for the current year.

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

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