Mobile TeleSystems OAO (NYSE:MBT) shares were down 2.6% during mid-day trading on Thursday . The stock traded as low as $7.88 and last traded at $7.92, with a volume of 2,261,397 shares traded. The stock had previously closed at $8.13.

Several research analysts have issued reports on MBT shares. HSBC downgraded Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Thursday. Vetr downgraded Mobile TeleSystems OAO from a “strong-buy” rating to a “buy” rating and set a $10.36 price target on the stock. in a research note on Thursday, May 5th. Zacks Investment Research downgraded Mobile TeleSystems OAO from a “buy” rating to a “sell” rating in a research note on Thursday, August 11th. Finally, 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 on the stock. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.69.

The stock has a market capitalization of $7.89 billion and a price-to-earnings ratio of 5.43. The company’s 50 day moving average price is $8.76 and its 200-day moving average price is $8.51.

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

Several hedge funds recently bought and sold shares of MBT. KBC Group NV boosted its stake in Mobile TeleSystems OAO by 8.4% in the fourth quarter. KBC Group NV now owns 263,763 shares of the company’s stock worth $1,630,000 after buying an additional 20,506 shares during the last quarter. RS Investment Management Co. LLC bought a new stake in Mobile TeleSystems OAO during the fourth quarter worth $2,398,000. Finally, AJO LP boosted its stake in Mobile TeleSystems OAO by 50.6% in the fourth quarter. AJO LP now owns 485,339 shares of the company’s stock worth $2,999,000 after buying an additional 163,150 shares during the last quarter.

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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