Shares of Mobile TeleSystems OJSC (NYSE:MBT) have been assigned an average rating of “Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $10.47.

A number of equities analysts have weighed in on MBT shares. Zacks Investment Research upgraded shares of Mobile TeleSystems OJSC from a “sell” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research report on Wednesday, October 25th. Deutsche Bank lowered shares of Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research report on Wednesday, December 6th. TheStreet upgraded shares of Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a research report on Friday, November 17th. Finally, Bank of America upgraded shares of Mobile TeleSystems OJSC from a “neutral” rating to a “buy” rating in a research report on Wednesday.

Several hedge funds have recently added to or reduced their stakes in MBT. Sciencast Management LP bought a new position in shares of Mobile TeleSystems OJSC in the second quarter valued at approximately $103,000. Tudor Investment Corp ET AL bought a new position in shares of Mobile TeleSystems OJSC in the second quarter valued at approximately $103,000. Visionary Asset Management Inc. bought a new position in shares of Mobile TeleSystems OJSC in the third quarter valued at approximately $115,000. M&T Bank Corp boosted its position 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 acquiring an additional 2,852 shares during the period. Finally, CIBC World Markets Inc. boosted its position in shares of Mobile TeleSystems OJSC by 9.0% in the second quarter. CIBC World Markets Inc. now owns 20,732 shares of the Wireless communications provider’s stock valued at $174,000 after acquiring an additional 1,707 shares during the period. Institutional investors own 32.06% of the company’s stock.

Mobile TeleSystems OJSC (MBT) traded up $0.18 during midday trading on Monday, reaching $10.62. 2,477,007 shares of the company were exchanged, compared to its average volume of 2,528,067. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.93 and a quick ratio of 0.86. The stock has a market capitalization of $9,740.00, a P/E ratio of 10.21, a PEG ratio of 0.92 and a beta of 0.94. Mobile TeleSystems OJSC has a 1-year low of $7.76 and a 1-year high of $11.59.

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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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