Mobile TeleSystems OAO (NYSE:MBT)’s share price rose 1.3% during trading on Tuesday . The company traded as high as $8.51 and last traded at $8.49, with a volume of 1,324,297 shares traded. The stock had previously closed at $8.38.

MBT has been the subject of several analyst reports. Vetr downgraded shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating and set a $8.49 price target for the company. in a report on Monday, April 4th. Zacks Investment Research downgraded shares of Mobile TeleSystems OAO from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 24th. Deutsche Bank AG downgraded shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. HSBC downgraded shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. Finally, Citigroup Inc. downgraded shares of Mobile TeleSystems OAO from a “buy” rating to a “neutral” rating and set a $8.00 price target for the company. in a report on Thursday, March 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.69.

The firm’s 50 day moving average is $8.71 and its 200-day moving average is $7.84. The company has a market capitalization of $8.54 billion and a PE ratio of 4.99.

The business also recently disclosed a dividend, which was paid on Tuesday, July 5th. Shareholders of record on Tuesday, July 5th were issued a $0.342 dividend. The ex-dividend date was Thursday, June 30th.

Several institutional investors have added to or reduced their stakes in MBT. Bank of Montreal Can increased its position in Mobile TeleSystems OAO by 3.2% in the fourth quarter. Bank of Montreal Can now owns 1,042,528 shares of the company’s stock valued at $6,442,000 after buying an additional 32,446 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Mobile TeleSystems OAO by 48.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 542,203 shares of the company’s stock valued at $3,351,000 after buying an additional 177,864 shares during the period. Aberdeen Asset Management PLC UK increased its position in Mobile TeleSystems OAO by 40.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 500,200 shares of the company’s stock valued at $3,711,000 after buying an additional 144,800 shares during the period. Todd Asset Management LLC increased its position in Mobile TeleSystems OAO by 1.3% in the fourth quarter. Todd Asset Management LLC now owns 355,800 shares of the company’s stock valued at $2,199,000 after buying an additional 4,700 shares during the period. Finally, Freestone Capital Holdings LLC increased its position in Mobile TeleSystems OAO by 15.5% in the fourth quarter. Freestone Capital Holdings LLC now owns 325,310 shares of the company’s stock valued at $2,010,000 after buying an additional 43,559 shares during the period.

Mobil’nye Telesystemy PAO (MTS PAO or Mobile TeleSystems PJSC), formerly Mobil’nye Telesystemy OAO, is a Russia-based company engaged in the telecommunication industry. The Company provides a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television (TV) and various value-added services, as well as selling equipment and accessories.

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