Mobile TeleSystems OJSC Lowered to Hold at Deutsche Bank (MBT)
Mobile TeleSystems OJSC (NYSE:MBT) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Mobile TeleSystems OJSC (NYSE:MBT) opened at 19.42 on Friday. 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 $18.60 and its 200-day moving average is $17.88. The company has a market cap of $19.313 billion and a P/E ratio of 8.55.
Mobile TeleSystems OJSC (NYSE:MBT) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.07. Analysts expect that Mobile TeleSystems OJSC will post $65.93 EPS for the current fiscal year.
A number of other firms have also recently commented on MBT. Analysts at Goldman Sachs downgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “neutral” rating in a research note on Thursday, August 21st. Separately, 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, August 21st. Finally, analysts at Barclays raised their price target on shares of Mobile TeleSystems OJSC from $20.20 to $20.50 in a research note on Tuesday, July 15th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus 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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