Mobile TeleSystems OAO (NYSE:MBT) saw an uptick in trading volume on Friday . 3,358,367 shares traded hands during trading, a decline of 24% from the previous session’s volume of 4,431,732 shares.The stock last traded at $8.48 and had previously closed at $8.43.

Several research firms recently weighed in on MBT. Citigroup Inc. increased their target price on Mobile TeleSystems OAO to $8.40 and gave the stock a “neutral” rating in a research report on Wednesday, March 23rd. Vetr downgraded Mobile TeleSystems OAO from a “strong-buy” rating to a “buy” rating and set a $10.36 target price on the stock. in a research report on Friday, April 29th. Zacks Investment Research upgraded Mobile TeleSystems OAO from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, May 24th. Credit Suisse Group AG began coverage on Mobile TeleSystems OAO in a research report on Monday, June 20th. They set an “outperform” rating and a $10.00 target price on the stock. Finally, HSBC downgraded Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a research report on Thursday, March 24th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.69.

The company has a 50-day moving average price of $8.69 and a 200-day moving average price of $7.84. The stock has a market cap of $8.45 billion and a P/E ratio of 4.94.

The company also recently declared a dividend, which was paid on Tuesday, July 5th. Stockholders of record on Tuesday, July 5th were given a dividend of $0.342 per share. The ex-dividend date was Thursday, June 30th.

Several institutional investors recently modified their holdings of the company. Neuberger Berman Group LLC bought a new position in shares of Mobile TeleSystems OAO during the fourth quarter worth about $1,841,000. Commerzbank Aktiengesellschaft FI boosted its position in shares of Mobile TeleSystems OAO by 48.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 542,203 shares of the company’s stock worth $3,351,000 after buying an additional 177,864 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of 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 worth $3,711,000 after buying an additional 144,800 shares during the last quarter. Korea Investment CORP boosted its position in shares of Mobile TeleSystems OAO by 64.1% in the fourth quarter. Korea Investment CORP now owns 301,900 shares of the company’s stock worth $1,865,000 after buying an additional 117,900 shares during the last quarter. Finally, Freestone Capital Holdings LLC boosted its position in shares of Mobile TeleSystems OAO by 15.5% in the fourth quarter. Freestone Capital Holdings LLC now owns 325,310 shares of the company’s stock worth $2,010,000 after buying an additional 43,559 shares during the last quarter.

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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