Mobile TeleSystems OJSC (NYSE:MBT) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Mobile TeleSystems OJSC (NYSE:MBT) have received an average rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $10.05.
MBT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Mobile TeleSystems OJSC from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Wednesday, April 19th. Morgan Stanley lowered shares of Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $12.60 to $9.90 in a report on Thursday, May 4th. BidaskClub upgraded shares of Mobile TeleSystems OJSC from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, J P Morgan Chase & Co upgraded shares of Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 target price on the stock in a report on Wednesday, July 26th.
Mobile TeleSystems OJSC (NYSE:MBT) traded down 1.61% during midday trading on Friday, reaching $8.57. The company had a trading volume of 1,534,108 shares. Mobile TeleSystems OJSC has a 12-month low of $7.09 and a 12-month high of $11.59. The company has a 50-day moving average of $8.45 and a 200-day moving average of $9.75. The stock has a market capitalization of $8.48 billion, a PE ratio of 5.69 and a beta of 0.94.
The firm also recently announced a None dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a dividend of $0.412 per share. The ex-dividend date of this dividend was Thursday, July 6th. Mobile TeleSystems OJSC’s payout ratio is 96.00%.
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Several institutional investors have recently bought and sold shares of the stock. Greenleaf Trust acquired a new position in Mobile TeleSystems OJSC during the second quarter valued at $115,000. Lapides Asset Management LLC increased its stake in Mobile TeleSystems OJSC by 25.7% in the second quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock valued at $119,000 after buying an additional 2,900 shares during the period. Quantbot Technologies LP purchased a new stake in Mobile TeleSystems OJSC during the first quarter valued at about $130,000. M&T Bank Corp purchased a new stake in Mobile TeleSystems OJSC during the first quarter valued at about $134,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Mobile TeleSystems OJSC during the second quarter valued at about $150,000. Institutional investors and hedge funds own 34.95% of the company’s stock.
Mobile TeleSystems OJSC Company Profile
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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