Zacks Investment Research upgraded shares of Mobile TeleSystems OJSC (NYSE:MBT) from a sell rating to a strong-buy rating in a research report sent to investors on Wednesday. They currently have $12.00 price objective on the Wireless communications provider’s stock.
According to Zacks, “MOBILE TELE-ADR mission is to build a integrated mobile communications world, which will bring people together, enrich their lives and open up new horizons, both at work and at home. They will do this by Anticipating on and understanding of our customers’ needs, employing experienced, qualified and highly motivated personnel, introducing new technologies, and enhancing our company’s development. “
MBT has been the topic of a number of other reports. ValuEngine upgraded Mobile TeleSystems OJSC from a buy rating to a strong-buy rating in a research note on Friday, September 1st. J P Morgan Chase & Co upgraded Mobile TeleSystems OJSC from a neutral rating to an overweight rating and set a $10.50 price target on the stock in a research note on Wednesday, July 26th. BidaskClub upgraded Mobile TeleSystems OJSC from a sell rating to a hold rating in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG began coverage on Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They set a buy rating and a $12.50 price target on the stock. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Mobile TeleSystems OJSC has a consensus rating of Buy and a consensus target price of $11.23.
Shares of Mobile TeleSystems OJSC (MBT) traded up 0.96% during midday trading on Wednesday, reaching $10.56. The company’s stock had a trading volume of 1,652,332 shares. The company has a market capitalization of $10.33 billion, a P/E ratio of 6.15 and a beta of 0.94. Mobile TeleSystems OJSC has a one year low of $7.09 and a one year high of $11.59. The stock’s 50-day moving average is $10.56 and its 200-day moving average is $9.52.
Mobile TeleSystems OJSC (NYSE:MBT) last issued its quarterly earnings data on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. Mobile TeleSystems OJSC had a return on equity of 40.25% and a net margin of 12.42%. The company had revenue of $1.87 billion during the quarter. On average, equities analysts expect that Mobile TeleSystems OJSC will post $0.97 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. acquired a new position in Mobile TeleSystems OJSC during the third quarter worth $309,000. BARING ASSET MANAGEMENT Ltd lifted its stake in Mobile TeleSystems OJSC by 8.3% during the third quarter. BARING ASSET MANAGEMENT Ltd now owns 2,245,903 shares of the Wireless communications provider’s stock worth $23,447,000 after purchasing an additional 172,400 shares in the last quarter. Aperio Group LLC lifted its stake in Mobile TeleSystems OJSC by 87.9% during the third quarter. Aperio Group LLC now owns 397,914 shares of the Wireless communications provider’s stock worth $4,154,000 after purchasing an additional 186,170 shares in the last quarter. First Trust Advisors LP lifted its stake in Mobile TeleSystems OJSC by 1,090.9% during the third quarter. First Trust Advisors LP now owns 1,117,558 shares of the Wireless communications provider’s stock worth $11,667,000 after purchasing an additional 1,023,717 shares in the last quarter. Finally, Strs Ohio lifted its stake in Mobile TeleSystems OJSC by 32.6% during the third quarter. Strs Ohio now owns 517,468 shares of the Wireless communications provider’s stock worth $5,402,000 after purchasing an additional 127,100 shares in the last quarter. Institutional investors own 32.13% 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.
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