Deutsche Bank AG began coverage on shares of Mobile TeleSystems OJSC (NYSE:MBT) in a report released on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $12.50 target price on the Wireless communications provider’s stock.

Other research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Mobile TeleSystems OJSC from a buy rating to a strong-buy rating in a report on Friday, September 1st. BidaskClub cut shares of Mobile TeleSystems OJSC from a hold rating to a sell rating in a report on Thursday, June 22nd. Zacks Investment Research raised shares of Mobile TeleSystems OJSC from a hold rating to a buy rating and set a $9.75 target price for the company in a report on Tuesday, June 27th. Finally, J P Morgan Chase & Co raised shares of Mobile TeleSystems OJSC from a neutral rating to an overweight rating and set a $10.50 target price for the company in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $10.66.

Shares of Mobile TeleSystems OJSC (NYSE MBT) opened at 10.97 on Tuesday. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 6.39 and a beta of 0.91. The stock has a 50 day moving average price of $9.32 and a 200 day moving average price of $9.56. Mobile TeleSystems OJSC has a 1-year low of $7.09 and a 1-year high of $11.59.

Mobile TeleSystems OJSC (NYSE:MBT) last issued its earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a net margin of 12.42% and a return on equity of 40.25%. The firm had revenue of $1.87 billion during the quarter. Equities research analysts anticipate that Mobile TeleSystems OJSC will post $0.97 EPS for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Airain ltd increased its holdings in Mobile TeleSystems OJSC by 597.6% in the second quarter. Airain ltd now owns 331,918 shares of the Wireless communications provider’s stock valued at $2,781,000 after buying an additional 284,340 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Mobile TeleSystems OJSC by 5.7% in the first quarter. Lazard Asset Management LLC now owns 58,473,906 shares of the Wireless communications provider’s stock valued at $644,967,000 after buying an additional 3,174,895 shares in the last quarter. BlackRock Inc. increased its holdings in Mobile TeleSystems OJSC by 7,751.0% in the first quarter. BlackRock Inc. now owns 24,341,794 shares of the Wireless communications provider’s stock valued at $268,492,000 after buying an additional 24,031,747 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Mobile TeleSystems OJSC by 31.5% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 502,493 shares of the Wireless communications provider’s stock valued at $4,211,000 after buying an additional 120,234 shares in the last quarter. Finally, Comerica Bank increased its holdings in Mobile TeleSystems OJSC by 1.1% in the first quarter. Comerica Bank now owns 58,222 shares of the Wireless communications provider’s stock valued at $603,000 after buying an additional 660 shares in the last quarter. 32.15% of the stock is owned by institutional investors.

About Mobile TeleSystems OJSC

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.

Analyst Recommendations for Mobile TeleSystems OJSC (NYSE:MBT)

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