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Mobile TeleSystems OJSC (NYSE:MBT) posted its quarterly earnings results on Thursday. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.07, American Banking News.com reports.

Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of Mobile TeleSystems OJSC from $20.50 to $20.20 in a research note on Thursday. Finally, analysts at Standpoint Research downgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $20.23.

Mobile TeleSystems OJSC (NYSE:MBT) opened at 19.00 on Thursday. Mobile TeleSystems OJSC has a 52-week low of $15.06 and a 52-week high of $24.06. The stock has a 50-day moving average of $18.56 and a 200-day moving average of $17.81. The company has a market cap of $18.896 billion and a price-to-earnings ratio of 7.38.

Mobil’nye TeleSistemy OAO (NYSE:MBT) is a Russia-based company engaged in the telecommunication industry.

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