Mobile TeleSystems OJSC (NYSE:MBT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “MOBILE TELE-ADR mission is to build a integrated mobile communications world, which will bring people together, enrich their lives and open up new horizons, both at work and at home. They will do this by Anticipating on and understanding of our customers’ needs, employing experienced, qualified and highly motivated personnel, introducing new technologies, and enhancing our company’s development. “

Other research analysts have also recently issued reports about the stock. Bank of America upgraded shares of Mobile TeleSystems OJSC from a “neutral” rating to a “buy” rating in a report on Wednesday. Deutsche Bank began coverage on shares of Mobile TeleSystems OJSC in a report on Tuesday, September 12th. They set a “buy” rating and a $12.50 target price on the stock. Finally, TheStreet upgraded shares of Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a report on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $10.85.

Shares of Mobile TeleSystems OJSC (NYSE MBT) traded down $0.12 during trading on Friday, reaching $10.50. 2,927,200 shares of the company’s stock traded hands, compared to its average volume of 2,639,175. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. Mobile TeleSystems OJSC has a one year low of $7.76 and a one year high of $11.59. The company has a market cap of $9,760.00, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.92 and a beta of 0.94.

Several large investors have recently added to or reduced their stakes in the company. Financial Counselors Inc. boosted its holdings in shares of Mobile TeleSystems OJSC by 2.8% in the 2nd quarter. Financial Counselors Inc. now owns 29,193 shares of the Wireless communications provider’s stock valued at $245,000 after buying an additional 804 shares in the last quarter. CIBC World Markets Inc. boosted its holdings in shares of Mobile TeleSystems OJSC by 9.0% in the 2nd quarter. CIBC World Markets Inc. now owns 20,732 shares of the Wireless communications provider’s stock valued at $174,000 after buying an additional 1,707 shares in the last quarter. Profund Advisors LLC boosted its holdings in shares of Mobile TeleSystems OJSC by 11.7% in the 2nd quarter. Profund Advisors LLC now owns 23,360 shares of the Wireless communications provider’s stock valued at $196,000 after buying an additional 2,440 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Mobile TeleSystems OJSC by 8.2% in the 2nd quarter. Advisory Services Network LLC now owns 32,812 shares of the Wireless communications provider’s stock valued at $275,000 after buying an additional 2,489 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Mobile TeleSystems OJSC by 23.5% in the 2nd 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. Institutional investors and hedge funds own 32.06% of the company’s stock.

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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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