Citigroup Inc. Downgrades Mobile TeleSystems OJSC to Neutral (MBT)
A number of other analysts have also recently weighed in on MBT. Analysts at TheStreet upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 3rd. Separately, analysts at Barclays raised their price target on shares of Mobile TeleSystems OJSC from $19.80 to $20.20 in a research note on Wednesday, May 28th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Mobile TeleSystems OJSC from $21.00 to $21.50 in a research note on Wednesday, April 23rd. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Mobile TeleSystems OJSC currently has an average rating of “Buy” and a consensus target price of $20.18.
Shares of Mobile TeleSystems OJSC (NYSE:MBT) traded down 1.78% during mid-day trading on Thursday, hitting $18.995. 513,361 shares of the company’s stock traded hands. Mobile TeleSystems OJSC has a 1-year low of $15.06 and a 1-year high of $24.06. The stock’s 50-day moving average is $17.72 and its 200-day moving average is $18.24. The company has a market cap of $18.891 billion and a price-to-earnings ratio of 7.47.
Mobile TeleSystems OJSC (NYSE:MBT) last announced its earnings results on Wednesday, May 28th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.08. Analysts expect that Mobile TeleSystems OJSC will post $64.79 EPS for the current fiscal year.
Mobil’nye TeleSistemy OAO (NYSE:MBT) is a Russia-based company engaged in the telecommunication industry.
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