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.

COPYRIGHT VIOLATION NOTICE: “Mobile TeleSystems OJSC (MBT) Shares Gap Up to $8.73” was originally posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/mobile-telesystems-ojsc-mbt-shares-gap-up-to-8-73/1758319.html.

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.

Receive News & Ratings for Mobile TeleSystems OJSC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile TeleSystems OJSC and related companies with Analyst Ratings Network's FREE daily email newsletter.