Mobile Telesystems PT Lowered to $20.00 (MBT)
Equities researchers at Credit Suisse reduced their target price on shares of Mobile Telesystems (NYSE:MBT) from $25.00 to $20.00 in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price target points to a potential downside of 3.71% from the company’s current price.
Mobile Telesystems (NYSE:MBT) traded down 1.30% on Thursday, hitting $20.50. 462,536 shares of the company’s stock traded hands. Mobile Telesystems has a 52-week low of $17.46 and a 52-week high of $24.06. The stock has a 50-day moving average of $20.81 and a 200-day moving average of $21.16. The company has a market cap of $20.387 billion and a P/E ratio of 8.00.
Mobile Telesystems (NYSE:MBT) last announced its earnings results on Tuesday, November 19th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.16. Analysts expect that Mobile Telesystems will post $65.31 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank upgraded shares of Mobile Telesystems from a “hold” rating to a “buy” rating in a research note to investors on Friday, December 20th. Separately, analysts at Barclays upgraded shares of Mobile Telesystems from an “underweight” rating to an “equal weight” rating in a research note to investors on Wednesday, November 20th. Finally, analysts at UBS AG downgraded shares of Mobile Telesystems from a “buy” rating to a “sell” rating in a research note to investors on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.78.
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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