Mobile TeleSystems OJSC (MBT) Given Average Rating of “Buy” by Analysts
Shares of Mobile TeleSystems OJSC (NYSE:MBT) have been given a consensus recommendation of “Buy” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $10.97.
A number of equities analysts recently weighed in on MBT shares. Zacks Investment Research raised shares of Mobile TeleSystems OJSC from a “sell” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Wednesday, October 25th. Deutsche Bank AG started coverage on shares of Mobile TeleSystems OJSC in a report on Tuesday, September 12th. They issued a “buy” rating and a $12.50 price target on the stock. BidaskClub raised shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. J P Morgan Chase & Co raised shares of Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price target on the stock in a report on Wednesday, July 26th. Finally, ValuEngine raised shares of Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.
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Shares of Mobile TeleSystems OJSC (MBT) traded up $0.10 during trading hours on Friday, hitting $10.57. 1,036,933 shares of the company were exchanged, compared to its average volume of 3,032,602. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 1.96. The stock has a market cap of $9,400.00, a P/E ratio of 11.34, a P/E/G ratio of 0.99 and a beta of 0.95. Mobile TeleSystems OJSC has a 52 week low of $7.19 and a 52 week high of $11.59.
Mobile TeleSystems OJSC (NYSE:MBT) last issued its quarterly earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.04. The company had revenue of $1.87 billion for the quarter. Mobile TeleSystems OJSC had a net margin of 13.61% and a return on equity of 42.21%. analysts predict that Mobile TeleSystems OJSC will post 1.03 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBT. BlackRock Inc. lifted its holdings in Mobile TeleSystems OJSC by 13.1% during the second quarter. BlackRock Inc. now owns 27,526,734 shares of the Wireless communications provider’s stock valued at $230,672,000 after purchasing an additional 3,184,940 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Mobile TeleSystems OJSC during the third quarter valued at about $17,133,000. State Street Corp lifted its holdings in Mobile TeleSystems OJSC by 21.6% during the second quarter. State Street Corp now owns 9,127,385 shares of the Wireless communications provider’s stock valued at $76,488,000 after purchasing an additional 1,622,200 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Mobile TeleSystems OJSC by 19.7% during the third quarter. JPMorgan Chase & Co. now owns 9,438,681 shares of the Wireless communications provider’s stock valued at $99,861,000 after purchasing an additional 1,554,205 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in Mobile TeleSystems OJSC by 74.0% during the third quarter. Allianz Asset Management GmbH now owns 3,052,094 shares of the Wireless communications provider’s stock valued at $31,864,000 after purchasing an additional 1,297,673 shares during the last quarter. 32.25% of the stock is currently owned by institutional investors and hedge funds.
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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