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Mobile TeleSystems OJSC (NYSE:MBT) was downgraded by equities research analysts at Standpoint Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “neutral” rating in a research note on Thursday, June 12th. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $20.23.

Mobile TeleSystems OJSC (NYSE:MBT) traded down 1.77% during mid-day trading on Friday, hitting $19.675. 521,701 shares of the company’s stock traded hands. Mobile TeleSystems OJSC has a one year low of $15.06 and a one year high of $24.06. The stock’s 50-day moving average is $18.61 and its 200-day moving average is $18.17. The company has a market cap of $19.567 billion and a P/E ratio of 7.73.

Mobile TeleSystems OJSC (NYSE:MBT) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.46 by $0.08. Analysts expect that Mobile TeleSystems OJSC will post $63.88 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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