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

Several equities research analysts have recently weighed in on the stock. Vetr cut shares of 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 report on Thursday, May 5th. Credit Suisse Group AG initiated coverage on shares of Mobile TeleSystems OAO in a report on Monday, June 20th. They issued an “outperform” rating and a $10.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Mobile TeleSystems OAO from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.69.

The firm’s 50-day moving average price is $8.82 and its 200-day moving average price is $8.41. The firm has a market cap of $8.63 billion and a PE ratio of 5.04.

The firm also recently disclosed a dividend, which was paid on Tuesday, August 9th. Stockholders of record on Tuesday, July 5th were issued a $0.4203 dividend. 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 acquired a new position in Mobile TeleSystems OAO (NYSE:MBT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 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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