Mobile TeleSystems OJSC (MBT) Lowered to “Hold” at Deutsche Bank
Mobile TeleSystems OJSC (NYSE:MBT) was downgraded by equities research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report released on Wednesday. They presently have a $11.00 target price on the Wireless communications provider’s stock. Deutsche Bank’s price target points to a potential upside of 14.94% from the company’s current price.
A number of other equities analysts have also weighed in on the company. TheStreet raised Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Zacks Investment Research downgraded Mobile TeleSystems OJSC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 26th. ValuEngine upgraded Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.85.
Shares of Mobile TeleSystems OJSC (NYSE:MBT) traded down $0.24 during mid-day trading on Wednesday, reaching $9.57. The company had a trading volume of 2,926,200 shares, compared to its average volume of 2,987,896. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 0.93. The stock has a market capitalization of $8,970.00, a PE ratio of 10.01, a P/E/G ratio of 0.88 and a beta of 0.93. Mobile TeleSystems OJSC has a 52 week low of $7.76 and a 52 week high of $11.59.
About Mobile TeleSystems OJSC
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.
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