Shares of Mobile TeleSystems OJSC (NYSE:MBT) have been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $10.97.

Several research analysts have weighed in on MBT shares. BidaskClub downgraded Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. J P Morgan Chase & Co upgraded Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 target price on the stock in a research note on Wednesday, July 26th. Zacks Investment Research downgraded Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. ValuEngine upgraded Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Deutsche Bank AG started coverage on Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They issued a “buy” rating and a $12.50 target price on the stock.

Several institutional investors have recently bought and sold shares of MBT. Tudor Investment Corp ET AL purchased a new stake in shares of Mobile TeleSystems OJSC in the second quarter valued at approximately $103,000. Sciencast Management LP purchased a new stake in shares of Mobile TeleSystems OJSC in the second quarter valued at approximately $103,000. Greenleaf Trust purchased a new stake in shares of Mobile TeleSystems OJSC in the second quarter valued at approximately $115,000. Lapides Asset Management LLC boosted its stake in shares of Mobile TeleSystems OJSC by 25.7% in the second quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock valued at $119,000 after buying an additional 2,900 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Mobile TeleSystems OJSC by 23.5% in the second quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock valued at $126,000 after buying an additional 2,852 shares in the last quarter. Hedge funds and other institutional investors own 32.08% of the company’s stock.

Mobile TeleSystems OJSC (MBT) traded down 0.57% during midday trading on Wednesday, reaching $10.48. The company’s stock had a trading volume of 1,558,635 shares. The stock’s 50 day moving average is $10.49 and its 200 day moving average is $9.54. Mobile TeleSystems OJSC has a 12-month low of $7.09 and a 12-month high of $11.59. The stock has a market cap of $10.25 billion, a P/E ratio of 6.10 and a beta of 0.94.

Mobile TeleSystems OJSC (NYSE:MBT) last announced its earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a return on equity of 40.25% and a net margin of 12.42%. The company had revenue of $1.87 billion for the quarter. Analysts anticipate that Mobile TeleSystems OJSC will post $0.98 earnings per share for the current year.

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Mobile TeleSystems OJSC Company Profile

Mobil’nye Telesistemy PAO is a Russia-based 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.

Analyst Recommendations for Mobile TeleSystems OJSC (NYSE:MBT)

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