Alliancebernstein L.P. Decreases Position in Mobile TeleSystems OJSC (MBT)

Alliancebernstein L.P. cut its position in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 32.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,963 shares of the Wireless communications provider’s stock after selling 9,937 shares during the quarter. Alliancebernstein L.P.’s holdings in Mobile TeleSystems OJSC were worth $176,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MBT. Wells Fargo & Company MN grew its stake in Mobile TeleSystems OJSC by 9.8% in the second quarter. Wells Fargo & Company MN now owns 7,103,665 shares of the Wireless communications provider’s stock valued at $59,528,000 after purchasing an additional 636,349 shares in the last quarter. CIBC World Markets Inc. lifted its position in shares of 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 buying an additional 1,707 shares during the last quarter. Freestone Capital Holdings LLC lifted its position in shares of Mobile TeleSystems OJSC by 10.7% in the second quarter. Freestone Capital Holdings LLC now owns 799,393 shares of the Wireless communications provider’s stock valued at $6,699,000 after buying an additional 77,353 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Mobile TeleSystems OJSC in the second quarter valued at approximately $2,012,000. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in Mobile TeleSystems OJSC by 31.5% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 502,493 shares of the Wireless communications provider’s stock worth $4,211,000 after purchasing an additional 120,234 shares during the last quarter. Institutional investors and hedge funds own 32.25% of the company’s stock.

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MBT has been the subject of several research reports. Zacks Investment Research raised Mobile TeleSystems OJSC from a “sell” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Wednesday, October 25th. Deutsche Bank AG initiated coverage on Mobile TeleSystems OJSC in a report on Tuesday, September 12th. They set a “buy” rating and a $12.50 price target for the company. BidaskClub raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. J P Morgan Chase & Co raised Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price target for the company in a report on Wednesday, July 26th. Finally, ValuEngine raised Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. 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. The stock currently has an average rating of “Buy” and an average price target of $11.23.

Mobile TeleSystems OJSC (MBT) opened at $11.11 on Wednesday. Mobile TeleSystems OJSC has a 52 week low of $7.09 and a 52 week high of $11.59. 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 $10,874.86, a price-to-earnings ratio of 12.01, a PEG ratio of 0.98 and a beta of 0.95.

Mobile TeleSystems OJSC (NYSE:MBT) last issued its quarterly earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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%. sell-side analysts expect that Mobile TeleSystems OJSC will post 1.03 earnings per share for the current 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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