Mobile TeleSystems OAO (MBT) Stock Price Down 2.6%
Mobile TeleSystems OAO (NYSE:MBT)’s share price was down 2.6% during 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 changing hands. The stock had previously closed at $8.13.
Several equities analysts recently commented on MBT shares. Zacks Investment Research upgraded shares of Mobile TeleSystems OAO from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Tuesday, May 24th. HSBC downgraded shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Credit Suisse Group AG assumed coverage on shares of Mobile TeleSystems OAO in a research note on Monday, June 20th. They issued an “outperform” rating and a $10.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Mobile TeleSystems OAO presently has an average rating of “Hold” and an average price target of $9.69.
The stock’s 50-day moving average price is $8.73 and its 200-day moving average price is $8.50. The firm has a market cap of $8.10 billion and a PE ratio of 5.57.
The firm also recently declared a dividend, which was paid on Tuesday, August 9th. Stockholders of record on Tuesday, July 5th were paid a $0.4203 dividend. The ex-dividend date was Thursday, June 30th.
A hedge fund recently raised its stake in Mobile TeleSystems OAO stock. AJO LP raised its stake in Mobile TeleSystems OAO (NYSE:MBT) by 50.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 485,339 shares of the company’s stock after buying an additional 163,150 shares during the period. AJO LP’s holdings in Mobile TeleSystems OAO were worth $2,999,000 at the end of the most recent reporting period.
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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