Shares of Mobile TeleSystems OAO (NYSE:MBT) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $9.59.

A number of equities analysts have issued reports on the stock. Credit Suisse Group AG assumed coverage on shares of Mobile TeleSystems OAO in a report on Monday, June 20th. They set an “outperform” rating and a $10.00 price objective on the stock. Zacks Investment Research downgraded shares of Mobile TeleSystems OAO from a “buy” rating to a “sell” rating in a report on Thursday, August 11th. Finally, HSBC downgraded shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Thursday, September 1st.

Shares of Mobile TeleSystems OAO (NYSE:MBT) traded down 0.13% during midday trading on Monday, reaching $7.54. 1,503,146 shares of the company’s stock were exchanged. The company has a market cap of $7.50 billion, a P/E ratio of 5.16 and a beta of 1.20. The firm has a 50 day moving average price of $7.92 and a 200 day moving average price of $8.58. Mobile TeleSystems OAO has a 12 month low of $5.15 and a 12 month high of $9.47.

The firm also recently disclosed a dividend, which will be paid on Monday, November 21st. Shareholders of record on Friday, October 14th will be issued a dividend of $0.3837 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This is an increase from Mobile TeleSystems OAO’s previous dividend of $0.32. Mobile TeleSystems OAO’s dividend payout ratio is 95.59%.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC increased its stake in Mobile TeleSystems OAO by 0.7% in the second quarter. BlackRock Investment Management LLC now owns 174,715 shares of the company’s stock valued at $1,447,000 after buying an additional 1,142 shares during the period. Aviva PLC increased its stake in Mobile TeleSystems OAO by 1.5% in the second quarter. Aviva PLC now owns 78,909 shares of the company’s stock valued at $653,000 after buying an additional 1,200 shares during the period. Connable Office Inc. increased its stake in Mobile TeleSystems OAO by 8.4% in the second quarter. Connable Office Inc. now owns 16,690 shares of the company’s stock valued at $138,000 after buying an additional 1,287 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Mobile TeleSystems OAO by 1.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,061 shares of the company’s stock valued at $1,268,000 after buying an additional 1,582 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Mobile TeleSystems OAO by 10.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 33,000 shares of the company’s stock valued at $273,000 after buying an additional 3,000 shares during the period. 29.72% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:MBT

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