Prudential Financial Inc. Boosts Stake in Mobile TeleSystems OAO (MBT)

Prudential Financial Inc. increased its position in Mobile TeleSystems OAO (NYSE:MBT) by 41.0% during the second quarter, Holdings Channel reports. The institutional investor owned 509,100 shares of the company’s stock after buying an additional 148,000 shares during the period. Prudential Financial Inc. owned 0.05% of Mobile TeleSystems OAO worth $4,215,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of Mobile TeleSystems OAO by 5.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,516,928 shares of the company’s stock worth $12,272,000 after buying an additional 78,148 shares in the last quarter. AXA boosted its position in Mobile TeleSystems OAO by 1.3% in the first quarter. AXA now owns 495,459 shares of the company’s stock worth $4,008,000 after buying an additional 6,327 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in Mobile TeleSystems OAO by 235.9% in the first quarter. Pictet Asset Management Ltd. now owns 8,693,622 shares of the company’s stock worth $60,855,000 after buying an additional 6,105,536 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Mobile TeleSystems OAO by 27.6% in the first quarter. UBS Asset Management Americas Inc. now owns 2,581,067 shares of the company’s stock worth $20,881,000 after buying an additional 557,869 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in Mobile TeleSystems OAO by 411.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 85,600 shares of the company’s stock worth $693,000 after buying an additional 68,850 shares during the last quarter. Hedge funds and other institutional investors own 29.72% of the company’s stock.

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

Mobile TeleSystems OAO (NYSE:MBT) opened at 7.55 on Monday. Mobile TeleSystems OAO has a 12 month low of $5.15 and a 12 month high of $9.47. The company has a 50 day moving average of $7.92 and a 200 day moving average of $8.58. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 5.17 and a beta of 1.20.

The firm also recently declared a dividend, which will be paid on Monday, November 21st. Shareholders of record on Friday, October 14th will be paid a dividend of $0.3837 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This is a positive change from Mobile TeleSystems OAO’s previous dividend of $0.32. Mobile TeleSystems OAO’s dividend payout ratio is 95.59%.

Several research analysts have issued reports on the stock. HSBC cut shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. Zacks Investment Research upgraded shares of Mobile TeleSystems OAO from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Credit Suisse Group AG began coverage on shares of Mobile TeleSystems OAO in a report on Monday, June 20th. They issued an “outperform” rating and a $10.00 price target on the stock. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Mobile TeleSystems OAO presently has a consensus rating of “Hold” and a consensus target price of $9.69.

Mobile TeleSystems OAO 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.

5 Day Chart for NYSE:MBT

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