Mobile TeleSystems OJSC (NYSE:MBT) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research report issued on Friday.

A number of other brokerages have also weighed in on MBT. Zacks Investment Research lowered Mobile TeleSystems OJSC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 26th. Deutsche Bank AG began coverage on Mobile TeleSystems OJSC in a research report on Tuesday, September 12th. They set a “buy” rating and a $12.50 price objective on the stock. ValuEngine upgraded Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub upgraded Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co upgraded Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective on the stock in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $11.23.

Mobile TeleSystems OJSC (MBT) opened at $10.48 on Friday. Mobile TeleSystems OJSC has a 52 week low of $7.22 and a 52 week high of $11.59. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $9,480.00, a price-to-earnings ratio of 10.79, a PEG ratio of 0.94 and a beta of 0.95.

Mobile TeleSystems OJSC (NYSE:MBT) last issued its quarterly earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a return on equity of 43.01% and a net margin of 13.61%. The company had revenue of $1.87 billion for the quarter. sell-side analysts expect that Mobile TeleSystems OJSC will post 1.03 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OLD National Bancorp IN grew its position in shares of Mobile TeleSystems OJSC by 1.0% in the 2nd quarter. OLD National Bancorp IN now owns 23,976 shares of the Wireless communications provider’s stock valued at $201,000 after buying an additional 232 shares during the last quarter. Financial Counselors Inc. grew its position in shares of Mobile TeleSystems OJSC by 2.8% in the 2nd quarter. Financial Counselors Inc. now owns 29,193 shares of the Wireless communications provider’s stock valued at $245,000 after buying an additional 804 shares during the last quarter. CIBC World Markets Inc. grew its position in shares of Mobile TeleSystems OJSC by 9.0% in the 2nd quarter. CIBC World Markets Inc. now owns 20,732 shares of the Wireless communications provider’s stock valued at $174,000 after buying an additional 1,707 shares during the last quarter. Profund Advisors LLC grew its position in shares of Mobile TeleSystems OJSC by 11.7% in the 2nd quarter. Profund Advisors LLC now owns 23,360 shares of the Wireless communications provider’s stock valued at $196,000 after buying an additional 2,440 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in shares of Mobile TeleSystems OJSC by 8.2% in the 2nd quarter. Advisory Services Network LLC now owns 32,812 shares of the Wireless communications provider’s stock valued at $275,000 after buying an additional 2,489 shares during the last quarter. Hedge funds and other institutional investors own 31.64% of the company’s stock.

Mobile TeleSystems OJSC Company Profile

Mobil’nye Telesistemy PAO is a Russia-based 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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