Mobile TeleSystems OAO (MBT) Given Average Recommendation of “Hold” by Analysts
Shares of Mobile TeleSystems OAO (NYSE:MBT) have received an average rating of “Hold” from the seven research firms that are covering the firm. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.59.
Several equities research analysts recently commented on MBT shares. HSBC downgraded Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. Zacks Investment Research upgraded Mobile TeleSystems OAO from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Credit Suisse Group AG started coverage on Mobile TeleSystems OAO in a report on Monday, June 20th. They issued an “outperform” rating and a $10.00 price objective for the company.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in shares of Mobile TeleSystems OAO by 8.3% in the first quarter. BlackRock Fund Advisors now owns 7,271,898 shares of the company’s stock valued at $58,830,000 after buying an additional 556,458 shares during the last quarter. Renaissance Technologies LLC boosted its position in Mobile TeleSystems OAO by 20.1% in the first quarter. Renaissance Technologies LLC now owns 9,286,450 shares of the company’s stock worth $75,127,000 after buying an additional 1,552,900 shares during the last quarter. State Street Corp boosted its position in Mobile TeleSystems OAO by 43.9% in the first quarter. State Street Corp now owns 9,081,517 shares of the company’s stock worth $73,469,000 after buying an additional 2,769,754 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Mobile TeleSystems OAO by 5.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,516,928 shares of the company’s stock worth $12,272,000 after buying an additional 78,148 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its position in Mobile TeleSystems OAO by 10.4% in the first quarter. Ngam Advisors L.P. now owns 160,921 shares of the company’s stock worth $1,302,000 after buying an additional 15,146 shares during the last quarter. 29.72% of the stock is currently owned by institutional investors and hedge funds.
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Mobile TeleSystems OAO (NYSE:MBT) traded down 0.13% on Monday, hitting $7.54. 1,503,146 shares of the company traded hands. The firm’s 50 day moving average price is $7.92 and its 200 day moving average price is $8.58. Mobile TeleSystems OAO has a 1-year low of $5.15 and a 1-year high of $9.47. The firm has a market capitalization of $7.50 billion, a PE ratio of 5.16 and a beta of 1.20.
The company also recently announced a dividend, which will be paid on Monday, November 21st. Shareholders of record on Friday, October 14th will be given a $0.3837 dividend. This is a boost from Mobile TeleSystems OAO’s previous dividend of $0.32. The ex-dividend date is Wednesday, October 12th. Mobile TeleSystems OAO’s dividend payout ratio (DPR) is presently 95.59%.
About Mobile TeleSystems OAO
Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a provider of telecommunications services. The Company provides mobile and fixed line voice and data telecommunications services, including data transfer, broadband, pay-television (pay-TV) and various value-added services, as well as selling equipment and accessories.
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