Shares of Mobile TeleSystems OJSC (NYSE:MBT) have been given an average rating of “Hold” by the six analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.83.

Several brokerages have recently commented on MBT. BidaskClub cut Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Tuesday, June 27th. Morgan Stanley cut Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $12.60 to $9.90 in a research report on Thursday, May 4th. Finally, Standpoint Research cut Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating in a research report on Friday, April 7th.

ILLEGAL ACTIVITY NOTICE: “Mobile TeleSystems OJSC (NYSE:MBT) Given Consensus Recommendation of “Hold” by Analysts” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/mobile-telesystems-ojsc-nysembt-given-consensus-recommendation-of-hold-by-analysts/1427942.html.

Shares of Mobile TeleSystems OJSC (MBT) traded up 1.80% on Monday, hitting $7.92. The stock had a trading volume of 3,931,160 shares. The stock has a market cap of $7.83 billion, a P/E ratio of 5.26 and a beta of 0.93. The firm has a 50 day moving average of $9.09 and a 200 day moving average of $9.93. Mobile TeleSystems OJSC has a 12 month low of $7.09 and a 12 month high of $11.59.

The firm also recently announced a dividend, which will be paid on Monday, July 10th. Stockholders of record on Monday, July 10th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, July 6th. This is a boost from Mobile TeleSystems OJSC’s previous dividend of $0.38. Mobile TeleSystems OJSC’s dividend payout ratio (DPR) is 97.33%.

Several hedge funds have recently modified their holdings of the company. Fox Run Management L.L.C. purchased a new stake in Mobile TeleSystems OJSC during the second quarter worth about $316,000. Tower Research Capital LLC TRC boosted its stake in Mobile TeleSystems OJSC by 36.3% in the first quarter. Tower Research Capital LLC TRC now owns 35,954 shares of the Wireless communications provider’s stock worth $397,000 after buying an additional 9,578 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Mobile TeleSystems OJSC by 71.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,210,347 shares of the Wireless communications provider’s stock worth $46,440,000 after buying an additional 1,756,134 shares during the last quarter. Bank of Nova Scotia purchased a new stake in Mobile TeleSystems OJSC during the first quarter worth about $249,000. Finally, Macquarie Group Ltd. boosted its stake in Mobile TeleSystems OJSC by 3.1% in the first quarter. Macquarie Group Ltd. now owns 3,632,131 shares of the Wireless communications provider’s stock worth $40,064,000 after buying an additional 109,911 shares during the last quarter. 34.85% of the stock is owned by institutional investors and hedge funds.

Mobile TeleSystems OJSC Company Profile

Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a 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.