Mobile TeleSystems OAO (NYSE:MBT) shares saw unusually-strong trading volume on Friday . Approximately 3,358,367 shares were traded 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.

A number of analysts have issued reports on the company. Zacks Investment Research raised Mobile TeleSystems OAO from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Friday, March 25th. Vetr lowered Mobile TeleSystems OAO from a “strong-buy” rating to a “buy” rating and set a $10.36 target price on the stock. in a report on Thursday, May 5th. HSBC lowered Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. Deutsche Bank AG lowered Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Finally, Citigroup Inc. raised their target price on Mobile TeleSystems OAO to $8.40 and gave the company a “neutral” rating in a report on Wednesday, March 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.69.

The stock has a market cap of $8.45 billion and a P/E ratio of 4.94. The firm has a 50 day moving average of $8.68 and a 200 day moving average of $7.86.

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

Several hedge funds have recently modified their holdings of the stock. Shell Asset Management Co. raised its stake in shares of Mobile TeleSystems OAO by 0.9% in the fourth quarter. Shell Asset Management Co. now owns 204,310 shares of the company’s stock worth $1,263,000 after buying an additional 1,910 shares during the period. Todd Asset Management LLC raised its stake 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 last quarter. New York State Common Retirement Fund raised its stake in Mobile TeleSystems OAO by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 257,100 shares of the company’s stock valued at $1,589,000 after buying an additional 14,800 shares during the last quarter. Bank of Montreal Can raised its stake 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 last quarter. Finally, Freestone Capital Holdings LLC raised its stake 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 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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