Caisse DE Depot ET Placement DU Quebec Buys 193,100 Shares of Mobile TeleSystems OJSC (MBT)

Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,682,564 shares of the Wireless communications provider’s stock after purchasing an additional 193,100 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.17% of Mobile TeleSystems OJSC worth $17,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. raised its position in Mobile TeleSystems OJSC by 13.1% during the second quarter. BlackRock Inc. now owns 27,526,734 shares of the Wireless communications provider’s stock valued at $230,672,000 after purchasing an additional 3,184,940 shares during the period. Vanguard Group Inc. raised its holdings in shares of Mobile TeleSystems OJSC by 5.8% in the second quarter. Vanguard Group Inc. now owns 16,872,024 shares of the Wireless communications provider’s stock worth $141,388,000 after buying an additional 918,218 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Mobile TeleSystems OJSC by 19.7% in the third quarter. JPMorgan Chase & Co. now owns 9,438,681 shares of the Wireless communications provider’s stock worth $99,861,000 after buying an additional 1,554,205 shares during the period. State Street Corp raised its holdings in shares of Mobile TeleSystems OJSC by 21.6% in the second quarter. State Street Corp now owns 9,127,385 shares of the Wireless communications provider’s stock worth $76,488,000 after buying an additional 1,622,200 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Mobile TeleSystems OJSC by 1.3% in the third quarter. Van ECK Associates Corp now owns 9,015,813 shares of the Wireless communications provider’s stock worth $94,125,000 after buying an additional 114,812 shares during the period. Institutional investors and hedge funds own 32.22% of the company’s stock.

Shares of Mobile TeleSystems OJSC (NYSE:MBT) traded down $0.10 during midday trading on Thursday, hitting $9.47. The stock had a trading volume of 5,475,500 shares, compared to its average volume of 2,998,482. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 0.93. Mobile TeleSystems OJSC has a 12-month low of $7.76 and a 12-month high of $11.59. The stock has a market capitalization of $9,521.72, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.

Several equities research analysts have recently weighed in on MBT shares. Zacks Investment Research downgraded Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. TheStreet upgraded Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a report on Friday, November 17th. Deutsche Bank started coverage on Mobile TeleSystems OJSC in a report on Tuesday, September 12th. They issued a “buy” rating and a $12.50 price target on the stock. BidaskClub upgraded Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, ValuEngine upgraded Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.85.

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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.

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

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