Traders Buy High Volume of Put Options on Mobile TeleSystems OJSC (MBT)
Mobile TeleSystems OJSC (NYSE:MBT) was the recipient of some unusual options trading on Thursday. Stock traders bought 1,127 put options on the company. This is an increase of approximately Infinity compared to the average volume of 0 put options.
A number of research analysts have recently commented on the company. ValuEngine raised 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 raised 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. Zacks Investment Research cut Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Deutsche Bank AG assumed coverage on Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They set a “buy” rating and a $12.50 target price on the stock. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $11.23.
A number of large investors have recently made changes to their positions in MBT. BlackRock Inc. grew its stake in Mobile TeleSystems OJSC by 13.1% in the second quarter. BlackRock Inc. now owns 27,526,734 shares of the Wireless communications provider’s stock worth $230,672,000 after purchasing an additional 3,184,940 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Mobile TeleSystems OJSC in the third quarter worth approximately $17,133,000. State Street Corp grew its stake in 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 purchasing an additional 1,622,200 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 purchasing an additional 1,554,205 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Mobile TeleSystems OJSC by 74.0% in the third quarter. Allianz Asset Management GmbH now owns 3,052,094 shares of the Wireless communications provider’s stock worth $31,864,000 after purchasing an additional 1,297,673 shares in the last quarter. 32.25% of the stock is currently owned by institutional investors.
Mobile TeleSystems OJSC (NYSE:MBT) last announced its quarterly earnings data on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a return on equity of 42.21% and a net margin of 13.61%. The company had revenue of $1.87 billion for the quarter. analysts expect that Mobile TeleSystems OJSC will post 1.03 EPS for the current year.
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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.
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