Mobile TeleSystems OJSC (NYSE:MBT) Upgraded by Bank of America to Buy

Mobile TeleSystems OJSC (NYSE:MBT) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, January 3rd, Marketbeat Ratings reports.

Several other research firms have also recently weighed in on MBT. Zacks Investment Research upgraded shares of Mobile TeleSystems OJSC from a “sell” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, October 25th. Deutsche Bank cut shares of Mobile TeleSystems OJSC from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research report on Wednesday, December 6th. Finally, TheStreet upgraded shares of Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a research report on Friday, November 17th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Mobile TeleSystems OJSC has an average rating of “Buy” and a consensus target price of $10.85.

Shares of Mobile TeleSystems OJSC (MBT) traded up $0.19 on Wednesday, hitting $10.95. The stock had a trading volume of 1,955,437 shares, compared to its average volume of 2,818,156. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.89. Mobile TeleSystems OJSC has a fifty-two week low of $7.76 and a fifty-two week high of $11.59. The firm has a market cap of $10,705.72, a P/E ratio of 11.17, a P/E/G ratio of 0.91 and a beta of 0.94.

Several institutional investors have recently bought and sold shares of MBT. Financial Counselors Inc. lifted its stake in 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 purchasing an additional 804 shares during the last quarter. CIBC World Markets Inc. lifted its stake in 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 purchasing an additional 1,707 shares during the last quarter. Profund Advisors LLC lifted its stake in 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 purchasing an additional 2,440 shares during the last quarter. Advisory Services Network LLC raised its holdings in 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 acquiring an additional 2,489 shares during the period. Finally, M&T Bank Corp raised its holdings in Mobile TeleSystems OJSC by 23.5% in the 2nd quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock valued at $126,000 after acquiring an additional 2,852 shares during the period. Institutional investors own 32.06% of the company’s stock.

WARNING: “Mobile TeleSystems OJSC (NYSE:MBT) Upgraded by Bank of America to Buy” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/13/mobile-telesystems-ojsc-mbt-lifted-to-buy-at-bank-of-america.html.

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)

Receive News & Ratings for Mobile TeleSystems OJSC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobile TeleSystems OJSC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply