Todays Report: Today, Mobile TeleSystems OAO (MBT) Upgrade by Citigroup Inc. to “Buy”

Today, Mobile TeleSystems OAO (MBT) Upgrade by Citigroup Inc. to “Buy”

Citigroup Inc. upgraded shares of Mobile TeleSystems OAO (NYSE:MBT) from a neutral rating to a buy rating in a report released on Monday morning.

MBT has been the topic of several other research reports. Zacks Investment Research downgraded Mobile TeleSystems OAO from a buy rating to a sell rating in a research note on Thursday, August 11th. HSBC downgraded Mobile TeleSystems OAO from a buy rating to a hold rating in a research note on Thursday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $9.39.

Shares of Mobile TeleSystems OAO (NYSE:MBT) opened at 7.66 on Monday. Mobile TeleSystems OAO has a 1-year low of $5.15 and a 1-year high of $9.47. The company’s 50 day moving average price is $7.54 and its 200-day moving average price is $8.31. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 5.46 and a beta of 1.07.

The company also recently disclosed a dividend, which was paid on Monday, November 21st. Stockholders of record on Friday, October 14th were paid a $0.3837 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This is an increase from Mobile TeleSystems OAO’s previous dividend of $0.32. Mobile TeleSystems OAO’s payout ratio is currently 98.46%.

Several hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new stake in Mobile TeleSystems OAO during the third quarter worth approximately $653,000. U S Global Investors Inc. increased its stake in Mobile TeleSystems OAO by 10.7% in the third quarter. U S Global Investors Inc. now owns 87,700 shares of the company’s stock worth $669,000 after buying an additional 8,500 shares in the last quarter. Nuveen Fund Advisors LLC purchased a new stake in Mobile TeleSystems OAO during the third quarter worth approximately $111,000. UBS Group AG increased its stake in Mobile TeleSystems OAO by 38.2% in the third quarter. UBS Group AG now owns 1,200,923 shares of the company’s stock worth $9,163,000 after buying an additional 331,644 shares in the last quarter. Finally, Two Sigma Securities LLC increased its stake in Mobile TeleSystems OAO by 38.7% in the third quarter. Two Sigma Securities LLC now owns 20,185 shares of the company’s stock worth $154,000 after buying an additional 5,634 shares in the last quarter. 31.03% of the stock is currently owned by institutional investors.

Mobile TeleSystems OAO Company Profile

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