Mobile TeleSystems OAO to Issue Dividend of $0.32 (mbt)
Mobile TeleSystems OAO (NYSE:mbt) declared a dividend on Monday, October 3rd. Stockholders of record on Friday, October 14th will be given a dividend of 0.317 per share on Friday, October 14th. The ex-dividend date of this dividend is Wednesday, October 12th.
Mobile TeleSystems OAO (NYSE:MBT) opened at 7.86 on Tuesday. The stock has a 50 day moving average of $8.14 and a 200 day moving average of $8.60. Mobile TeleSystems OAO has a 1-year low of $5.15 and a 1-year high of $9.47. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 5.38 and a beta of 1.20.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Mobile TeleSystems OAO from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Credit Suisse Group AG assumed coverage on shares of Mobile TeleSystems OAO in a report on Monday, June 20th. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, HSBC lowered shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.69.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacad Investment Ltd. acquired a new stake in Mobile TeleSystems OAO during the second quarter worth about $100,000. Profund Advisors LLC acquired a new stake in Mobile TeleSystems OAO during the second quarter worth about $102,000. Jane Street Group LLC acquired a new stake in Mobile TeleSystems OAO during the second quarter worth about $147,000. Invictus RG increased its stake in Mobile TeleSystems OAO by 2,346.9% in the second quarter. Invictus RG now owns 18,841 shares of the company’s stock worth $156,000 after buying an additional 18,071 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Mobile TeleSystems OAO by 57.2% in the second quarter. Cubist Systematic Strategies LLC now owns 23,389 shares of the company’s stock worth $194,000 after buying an additional 8,512 shares during the period. 29.73% of the stock is owned by institutional investors.
Mobile TeleSystems OAO Company Profile
Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a 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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