Mobile TeleSystems OAO (NYSE:MBT) was down 3.9% during trading on Thursday . The company traded as low as $8.53 and last traded at $8.66, with a volume of 1,850,270 shares trading hands. The stock had previously closed at $9.01.

A number of equities research analysts have commented on MBT shares. Credit Suisse Group AG started coverage on Mobile TeleSystems OAO in a research note on Monday, June 20th. They issued an “outperform” rating and a $10.00 price target for the company. Zacks Investment Research cut Mobile TeleSystems OAO from a “buy” rating to a “sell” rating in a research note on Thursday, August 11th. Finally, Vetr cut Mobile TeleSystems OAO from a “strong-buy” rating to a “buy” rating and set a $10.36 price objective for the company. in a research note on Friday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.69.

The company has a market cap of $8.53 billion and a PE ratio of 4.99. The company has a 50 day moving average of $8.83 and a 200-day moving average of $8.42.

The business also recently announced a dividend, which was paid on Tuesday, August 9th. Investors of record on Tuesday, July 5th were paid a dividend of $0.4203 per share. The ex-dividend date was Thursday, June 30th.

A hedge fund recently bought a new stake in Mobile TeleSystems OAO stock. RS Investment Management Co. LLC bought a new stake in Mobile TeleSystems OAO (NYSE:MBT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 388,052 shares of the company’s stock, valued at approximately $2,398,000.

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.

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