Mobile TeleSystems OJSC (MBT) Shares Gap Up to $8.73
Shares of Mobile TeleSystems OJSC (NYSE:MBT) gapped up prior to trading on Monday . The stock had previously closed at $8.54, but opened at $8.73. Mobile TeleSystems OJSC shares last traded at $8.84, with a volume of 3333287 shares trading hands.
MBT has been the topic of several research analyst reports. TheStreet raised Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a research note on Friday, November 17th. Deutsche Bank initiated coverage on Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They issued a “buy” rating and a $12.50 price objective on the stock. BidaskClub raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research lowered Mobile TeleSystems OJSC from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, ValuEngine raised Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Mobile TeleSystems OJSC has an average rating of “Buy” and an average price target of $10.85.
The stock has a market capitalization of $8,685.96, a P/E ratio of 8.91, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.
Hedge funds have recently made changes to their positions in the company. Visionary Asset Management Inc. acquired a new stake in shares of Mobile TeleSystems OJSC during the third quarter valued at about $115,000. Tudor Investment Corp ET AL acquired a new stake in shares of Mobile TeleSystems OJSC during the second quarter valued at about $103,000. Sciencast Management LP acquired a new stake in shares of Mobile TeleSystems OJSC during the second quarter valued at about $103,000. Lapides Asset Management LLC boosted its stake in shares of Mobile TeleSystems OJSC by 25.7% during the second quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock valued at $119,000 after purchasing 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% during the second quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock valued at $126,000 after purchasing an additional 2,852 shares in the last quarter. 32.22% of the stock is currently owned by hedge funds and other institutional investors.
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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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