Goldman Sachs Group Inc. Buys 390,366 Shares of Mobile TeleSystems OJSC (MBT)

Goldman Sachs Group Inc. boosted its stake in shares of Mobile TeleSystems OJSC (NYSE:MBT) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,600,713 shares of the Wireless communications provider’s stock after buying an additional 390,366 shares during the period. Goldman Sachs Group Inc. owned approximately 0.46% of Mobile TeleSystems OJSC worth $38,554,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Mobile TeleSystems OJSC by 13.1% during the 2nd quarter. BlackRock Inc. now owns 27,526,734 shares of the Wireless communications provider’s stock valued at $230,672,000 after buying an additional 3,184,940 shares during the period. Vanguard Group Inc. increased its stake in 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 purchasing an additional 918,218 shares during the period. Renaissance Technologies LLC increased its stake in Mobile TeleSystems OJSC by 40.5% in the first quarter. Renaissance Technologies LLC now owns 14,961,950 shares of the Wireless communications provider’s stock worth $165,030,000 after purchasing an additional 4,311,200 shares during the period. AQR Capital Management LLC increased its stake in Mobile TeleSystems OJSC by 24.3% in the first quarter. AQR Capital Management LLC now owns 9,558,636 shares of the Wireless communications provider’s stock worth $105,432,000 after purchasing an additional 1,867,981 shares during the period. Finally, Wells Fargo & Company MN increased 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 worth $59,528,000 after purchasing an additional 636,349 shares during the period. Institutional investors own 32.11% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Goldman Sachs Group Inc. Buys 390,366 Shares of Mobile TeleSystems OJSC (MBT)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/09/goldman-sachs-group-inc-buys-390366-shares-of-mobile-telesystems-ojsc-mbt.html.

A number of research firms have weighed in 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 on the stock in a research note on Wednesday, July 26th. BidaskClub upgraded Mobile TeleSystems OJSC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research lowered Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. 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 on the stock. One investment 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 company. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.97.

Shares of Mobile TeleSystems OJSC (NYSE:MBT) opened at 10.41 on Monday. Mobile TeleSystems OJSC has a 1-year low of $7.09 and a 1-year high of $11.59. The firm has a 50-day moving average price of $10.15 and a 200-day moving average price of $9.59. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 6.06 and a beta of 0.94.

Mobile TeleSystems OJSC (NYSE:MBT) last announced 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 return on equity of 40.25% and a net margin of 12.42%. The business had revenue of $1.87 billion for the quarter. Equities a

A number of other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Mobile TeleSystems OJSC by 13.1% during the 2nd quarter. BlackRock Inc. now owns 27,526,734 shares of the Wireless communications provider’s stock valued at $230,672,000 after buying an additional 3,184,940 shares during the period. Vanguard Group Inc. increased its stake in 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 purchasing an additional 918,218 shares during the period. Renaissance Technologies LLC increased its stake in Mobile TeleSystems OJSC by 40.5% in the first quarter. Renaissance Technologies LLC now owns 14,961,950 shares of the Wireless communications provider’s stock worth $165,030,000 after purchasing an additional 4,311,200 shares during the period. AQR Capital Management LLC increased its stake in Mobile TeleSystems OJSC by 24.3% in the first quarter. AQR Capital Management LLC now owns 9,558,636 shares of the Wireless communications provider’s stock worth $105,432,000 after purchasing an additional 1,867,981 shares during the period. Finally, Wells Fargo & Company MN increased 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 worth $59,528,000 after purchasing an additional 636,349 shares during the period. Institutional investors own 32.11% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Goldman Sachs Group Inc. Buys 390,366 Shares of Mobile TeleSystems OJSC (MBT)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/09/goldman-sachs-group-inc-buys-390366-shares-of-mobile-telesystems-ojsc-mbt.html.

A number of research firms have weighed in 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 on the stock in a research note on Wednesday, July 26th. BidaskClub upgraded Mobile TeleSystems OJSC from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research lowered Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. 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 on the stock. One investment 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 company. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.97.

Shares of Mobile TeleSystems OJSC (NYSE:MBT) opened at 10.41 on Monday. Mobile TeleSystems OJSC has a 1-year low of $7.09 and a 1-year high of $11.59. The firm has a 50-day moving average price of $10.15 and a 200-day moving average price of $9.59. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 6.06 and a beta of 0.94.

Mobile TeleSystems OJSC (NYSE:MBT) last announced 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 return on equity of 40.25% and a net margin of 12.42%. The business had revenue of $1.87 billion for the quarter. Equities analysts forecast that Mobile TeleSystems OJSC will post $0.97 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, October 13th will be paid a $0.294 dividend. The ex-dividend date is Thursday, October 12th. Mobile TeleSystems OJSC’s dividend payout ratio (DPR) is presently 82.76%.

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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