Here, we report a systematic study on the Hall-effect of the semi-metallic state of bulk MoTe2, which was recently claimed to be a candidate for a novel type of Weyl semi-metallic state. The temperature (T ) dependence of the carrier densities and of their mobilities, as estimated from a numerical analysis based on the isotropic two-carrier model, indicates that its exceedingly large and non-saturating magnetoresistance may be attributed to a near perfect compensation between the densities of electrons and holes at low temperatures. A sudden increase in hole density, with a concomitant rapid increase in the electron mobility below T ∼ 40 K, leads to comparable densities of electrons and holes at low temperatures suggesting a possible electronic phase-transition around this temperature.