Mobile TeleSystems OJSC (MBT) Raised to B- at TheStreet

TheStreet upgraded shares of Mobile TeleSystems OJSC (NYSE:MBT) from a c rating to a b- rating in a research report released on Friday morning.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank AG initiated coverage on Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They issued a buy rating and a $12.50 price target for the company. BidaskClub upgraded Mobile TeleSystems OJSC from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Zacks Investment Research cut Mobile TeleSystems OJSC from a strong-buy rating to a hold rating in a research note on Thursday, October 26th. J P Morgan Chase & Co upgraded shares of Mobile TeleSystems OJSC from a neutral rating to an overweight rating and set a $10.50 price objective for the company in a research report on Wednesday, July 26th. Finally, ValuEngine upgraded shares of Mobile TeleSystems OJSC from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Three 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 stock. The company currently has a consensus rating of Buy and a consensus target price of $11.23.

Shares of Mobile TeleSystems OJSC (MBT) traded down $0.09 during trading hours on Friday, hitting $10.48. The stock had a trading volume of 2,556,300 shares, compared to its average volume of 3,030,475. Mobile TeleSystems OJSC has a 12 month low of $7.22 and a 12 month high of $11.59. The company has a market capitalization of $9,480.00, a PE ratio of 10.79, a PEG ratio of 0.94 and a beta of 0.95. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $1.87 billion during the quarter. Mobile TeleSystems OJSC had a return on equity of 43.01% and a net margin of 13.61%. analysts forecast that Mobile TeleSystems OJSC will post 1.03 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the company. OLD National Bancorp IN increased its holdings in shares of Mobile TeleSystems OJSC by 1.0% during the second quarter. OLD National Bancorp IN now owns 23,976 shares of the Wireless communications provider’s stock worth $201,000 after buying an additional 232 shares in the last quarter. Financial Counselors Inc. increased its holdings in shares of Mobile TeleSystems OJSC by 2.8% during the second quarter. Financial Counselors Inc. now owns 29,193 shares of the Wireless communications provider’s stock worth $245,000 after buying an additional 804 shares in the last quarter. CIBC World Markets Inc. increased its holdings in shares of Mobile TeleSystems OJSC by 9.0% during the second quarter. CIBC World Markets Inc. now owns 20,732 shares of the Wireless communications provider’s stock worth $174,000 after buying an additional 1,707 shares in the last quarter. Profund Advisors LLC grew its stake in shares of Mobile TeleSystems OJSC by 11.7% in the second quarter. Profund Advisors LLC now owns 23,360 shares of the Wireless communications provider’s stock worth $196,000 after purchasing an additional 2,440 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Mobile TeleSystems OJSC by 8.2% in the second quarter. Advisory Services Network LLC now owns 32,812 shares of the Wireless communications provider’s stock worth $275,000 after purchasing an additional 2,489 shares during the last quarter. 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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