State of New Jersey Common Pension Fund D reduced its position in Mobile TeleSystems OJSC (NYSE:MBT) by 10.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,917 shares of the Wireless communications provider’s stock after selling 20,151 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Mobile TeleSystems OJSC were worth $1,816,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. OLD National Bancorp IN boosted its stake in Mobile TeleSystems OJSC by 1.0% in the second quarter. OLD National Bancorp IN now owns 23,976 shares of the Wireless communications provider’s stock valued at $201,000 after acquiring an additional 232 shares during the period. Financial Counselors Inc. boosted its stake in Mobile TeleSystems OJSC by 2.8% in the second quarter. Financial Counselors Inc. now owns 29,193 shares of the Wireless communications provider’s stock valued at $245,000 after acquiring an additional 804 shares during the period. CIBC World Markets Inc. boosted its stake in Mobile TeleSystems OJSC by 9.0% in the second quarter. CIBC World Markets Inc. now owns 20,732 shares of the Wireless communications provider’s stock valued at $174,000 after acquiring an additional 1,707 shares during the period. Profund Advisors LLC boosted its stake in Mobile TeleSystems OJSC by 11.7% in the second quarter. Profund Advisors LLC now owns 23,360 shares of the Wireless communications provider’s stock valued at $196,000 after acquiring an additional 2,440 shares during the period. Finally, Advisory Services Network LLC boosted its stake in Mobile TeleSystems OJSC by 8.2% in the second quarter. Advisory Services Network LLC now owns 32,812 shares of the Wireless communications provider’s stock valued at $275,000 after acquiring an additional 2,489 shares during the period. 32.31% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on MBT. ValuEngine upgraded 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 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 note on Wednesday, July 26th. Zacks Investment Research downgraded Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub upgraded Mobile TeleSystems OJSC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG began coverage on Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They issued a “buy” rating and a $12.50 target price for the company. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Mobile TeleSystems OJSC has a consensus rating of “Buy” and an average target price of $11.23.

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Mobile TeleSystems OJSC (NYSE:MBT) opened at $10.81 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $10.77 billion, a PE ratio of 11.89, a P/E/G ratio of 0.97 and a beta of 0.95.

Mobile TeleSystems OJSC (NYSE:MBT) last released 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. research analysts expect that Mobile TeleSystems OJSC will post 1.03 EPS for the current fiscal year.

Mobile TeleSystems OJSC Company Profile

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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