Today, Mobile TeleSystems OAO (MBT) Receives Consensus Recommendation of “Hold” from Analysts

Today, Mobile TeleSystems OAO (MBT) Receives Consensus Recommendation of “Hold” from Analysts
Mobile TeleSystems OAO (NYSE:MBT) has received an average rating of “Hold” from the seven ratings firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $10.18.

A number of research firms have weighed in on MBT. Zacks Investment Research upgraded Mobile TeleSystems OAO from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research note on Wednesday, October 19th. Citigroup Inc. upgraded Mobile TeleSystems OAO from a “neutral” rating to a “buy” rating in a research note on Monday, November 21st. Finally, HSBC downgraded Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a research note on Thursday, September 1st.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pacad Investment Ltd. acquired a new position in shares of Mobile TeleSystems OAO during the second quarter valued at approximately $100,000. Ronald Blue & Co. LLC acquired a new position in shares of Mobile TeleSystems OAO during the third quarter valued at approximately $101,000. Quantbot Technologies LP acquired a new position in shares of Mobile TeleSystems OAO during the second quarter valued at approximately $102,000. Profund Advisors LLC acquired a new position in shares of Mobile TeleSystems OAO during the second quarter valued at approximately $102,000. Finally, HighTower Advisors LLC acquired a new position in shares of Mobile TeleSystems OAO during the third quarter valued at approximately $103,000. Institutional investors own 31.03% of the company’s stock.

Mobile TeleSystems OAO (NYSE:MBT) opened at 7.66 on Monday. The firm’s 50-day moving average price is $7.52 and its 200 day moving average price is $8.30. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 5.46 and a beta of 1.07. Mobile TeleSystems OAO has a 1-year low of $5.15 and a 1-year high of $9.47.

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

Related posts

Leave a Comment