Mobile TeleSystems OJSC Hits New 1-Year Low at $16.51 (MBT)
Mobile TeleSystems OJSC (NYSE:MBT) shares hit a new 52-week low on Thursday , AnalystRatingsNetwork reports. The stock traded as low as $16.51 and last traded at $17.32, with a volume of 2,535,949 shares. The stock had previously closed at $17.29.
MBT has been the subject of a number of recent research reports. Analysts at Barclays upgraded shares of Mobile TeleSystems OJSC to an “overweight” rating in a research note on Friday, February 7th. Separately, analysts at Credit Suisse upgraded shares of Mobile TeleSystems OJSC from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 5th. They now have a $19.00 price target on the stock, down previously from $20.00. Finally, analysts at Credit Suisse downgraded shares of Mobile TeleSystems OJSC from an “outperform” rating to an “underperform” rating in a research note on Thursday, January 9th. They now have a $20.00 price target on the stock, down previously from $25.00. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Mobile TeleSystems OJSC currently has a consensus rating of “Hold” and an average price target of $22.53.
The stock’s 50-day moving average is $18.29 and its 200-day moving average is $20.86. The company has a market cap of $17.225 billion and a price-to-earnings ratio of 6.66.
Mobil’nye TeleSistemy OAO (NYSE:MBT) is a Russia-based company engaged in the telecommunication industry.
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