Mobile Telesystems PT Raised to $23.30 (MBT)
Stock analysts at Barclays lifted their price target on shares of Mobile Telesystems (NYSE:MBT) from $21.00 to $23.30 in a report issued on Tuesday, Analyst Ratings News reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective points to a potential downside of 0.13% from the company’s current price.
MBT has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of Mobile Telesystems from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.08.
Shares of Mobile Telesystems (NYSE:MBT) traded up 0.85% during mid-day trading on Tuesday, hitting $23.529. The stock had a trading volume of 1,162,458 shares. Mobile Telesystems has a 52-week low of $16.21 and a 52-week high of $23.50. The stock has a 50-day moving average of $22.05 and a 200-day moving average of $20.28. The company has a market cap of $23.400 billion and a price-to-earnings ratio of 8.71.
Mobile Telesystems (NYSE:MBT) last announced its earnings results on Tuesday, August 20th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.33. Analysts expect that Mobile Telesystems will post $2.02 EPS for the current fiscal year.
Mobile TeleSystems OJSC (NYSE:MBT) is a telecommunications provider in Russia and the Commonwealth of Independent States, providing a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television and various value-added services, as well as selling equipment and accessories.
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