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Equities research analysts at Barclays dropped their price target on shares of Mobile TeleSystems OJSC (NYSE:MBT) from $20.50 to $20.20 in a research note issued to investors on Thursday. Barclays’ price objective would indicate a potential upside of 6.32% from the company’s current price.

Shares of 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.

Mobile TeleSystems OJSC (NYSE:MBT) last released its earnings data on Thursday, August 21st. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. On average, analysts predict that Mobile TeleSystems OJSC will post $64.68 earnings per share for the current fiscal year.

A number of other firms have also recently commented on MBT. 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. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $20.23.

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

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