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Shares of Mobile TeleSystems OJSC (NYSE:MBT) have been given an average rating of “Hold” by the eight analysts that are presently covering the stock, Analyst Ratings Network reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $20.23.

A number of analysts have recently weighed in on MBT shares. Analysts at Deutsche Bank downgraded shares of Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a research note on Friday. Separately, 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. Finally, 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.

Shares of Mobile TeleSystems OJSC (NYSE:MBT) traded down 3.30% during mid-day trading on Friday, hitting $18.78. 425,652 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 $18.60 and its 200-day moving average is $17.88. The company has a market cap of $18.677 billion and a P/E ratio of 8.33.

Mobile TeleSystems OJSC (NYSE:MBT) last announced its 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. On average, analysts predict that Mobile TeleSystems OJSC will post $65.93 earnings per share 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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