Mobile TeleSystems OJSC (MBT) Receives $10.97 Consensus Target Price from Brokerages

Shares of Mobile TeleSystems OJSC (NYSE:MBT) have earned an average rating of “Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.97.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Mobile TeleSystems OJSC from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 26th. Deutsche Bank AG assumed coverage on shares of Mobile TeleSystems OJSC in a research note on Tuesday, September 12th. They set a “buy” rating and a $12.50 price objective on the stock. ValuEngine raised shares of Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub raised shares of Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. 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 price objective on the stock in a research note on Wednesday, July 26th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new position in shares of Mobile TeleSystems OJSC in the second quarter worth approximately $103,000. Sciencast Management LP purchased a new stake in Mobile TeleSystems OJSC during the second quarter valued at approximately $103,000. Greenleaf Trust purchased a new stake in Mobile TeleSystems OJSC during the second quarter valued at approximately $115,000. Lapides Asset Management LLC increased its holdings in Mobile TeleSystems OJSC by 25.7% during the second quarter. Lapides Asset Management LLC now owns 14,200 shares of the Wireless communications provider’s stock valued at $119,000 after buying an additional 2,900 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in Mobile TeleSystems OJSC by 23.5% during the second quarter. M&T Bank Corp now owns 14,978 shares of the Wireless communications provider’s stock valued at $126,000 after buying an additional 2,852 shares during the last quarter. Hedge funds and other institutional investors own 32.25% of the company’s stock.

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Shares of Mobile TeleSystems OJSC (NYSE:MBT) traded up $0.18 during midday trading on Friday, hitting $11.11. 2,049,200 shares of the company traded hands, compared to its average volume of 3,043,665. Mobile TeleSystems OJSC has a one year low of $7.09 and a one year high of $11.59. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.07 and a quick ratio of 1.00. The stock has a market capitalization of $10,874.86, a PE ratio of 12.01, a P/E/G ratio of 0.98 and a beta of 0.95.

Mobile TeleSystems OJSC (NYSE:MBT) last announced its quarterly earnings results on Monday, August 28th. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $1.87 billion for the quarter. equities analysts anticipate that Mobile TeleSystems OJSC will post 1.03 EPS for the current year.

About Mobile TeleSystems OJSC

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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