Mobile TeleSystems OJSC (MBT) Downgraded by Deutsche Bank

Deutsche Bank downgraded shares of Mobile TeleSystems OJSC (NYSE:MBT) from a buy rating to a hold rating in a research report report published on Wednesday. The firm currently has $11.00 target price on the Wireless communications provider’s stock.

Other equities analysts have also issued research reports about the stock. TheStreet upgraded shares of Mobile TeleSystems OJSC from a c rating to a b- rating in a research report on Friday, November 17th. BidaskClub upgraded shares of Mobile TeleSystems OJSC from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Zacks Investment Research lowered shares of Mobile TeleSystems OJSC from a strong-buy rating to a hold rating in a research report on Thursday, October 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. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $10.85.

Shares of Mobile TeleSystems OJSC (NYSE MBT) traded down $0.21 on Wednesday, reaching $8.73. 3,981,740 shares of the company were exchanged, compared to its average volume of 2,293,650. The company has a market cap of $8,894.90, a price-to-earnings ratio of 9.12, a PEG ratio of 0.84 and a beta of 0.94. 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 12-month low of $7.76 and a 12-month high of $11.59.

A number of hedge funds have recently bought and sold shares of MBT. BlackRock Inc. lifted its position in shares of Mobile TeleSystems OJSC by 13.1% in the second quarter. BlackRock Inc. now owns 27,526,734 shares of the Wireless communications provider’s stock worth $230,672,000 after purchasing an additional 3,184,940 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Mobile TeleSystems OJSC in the third quarter worth approximately $17,133,000. State Street Corp lifted its position in shares of Mobile TeleSystems OJSC by 21.6% in the second quarter. State Street Corp now owns 9,127,385 shares of the Wireless communications provider’s stock worth $76,488,000 after purchasing an additional 1,622,200 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Mobile TeleSystems OJSC by 19.7% in the third quarter. JPMorgan Chase & Co. now owns 9,438,681 shares of the Wireless communications provider’s stock worth $99,861,000 after purchasing an additional 1,554,205 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Mobile TeleSystems OJSC by 74.0% in the third quarter. Allianz Asset Management GmbH now owns 3,052,094 shares of the Wireless communications provider’s stock worth $31,864,000 after purchasing an additional 1,297,673 shares in the last quarter. 32.22% of the stock is owned by institutional investors.

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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.

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