Mobile TeleSystems OAO (NYSE:MBT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $8.50 target price on the stock. Zacks Investment Research’s price target would indicate a potential upside of 10.97% from the company’s previous close.

According to Zacks, “MOBILE TELE-ADR mission is to build a integrated mobile communications world, which will bring people together, enrich their lives and open up new horizons, both at work and at home. They will do this by Anticipating on and understanding of our customers’ needs, employing experienced, qualified and highly motivated personnel, introducing new technologies, and enhancing our company’s development. “

Separately, HSBC cut Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a research note on Thursday, September 1st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $9.39.

Analyst Recommendations for Mobile TeleSystems OAO (NYSE:MBT)

Mobile TeleSystems OAO (NYSE:MBT) opened at 7.66 on Wednesday. Mobile TeleSystems OAO has a 52-week low of $5.15 and a 52-week high of $9.47. The firm’s 50 day moving average price is $7.89 and its 200 day moving average price is $8.58. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 5.24 and a beta of 1.20.

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

Several large investors have recently bought and sold shares of the company. Pacad Investment Ltd. bought a new stake in Mobile TeleSystems OAO during the second quarter valued at approximately $100,000. Ronald Blue & Co. LLC bought a new stake in Mobile TeleSystems OAO during the third quarter valued at approximately $101,000. Quantbot Technologies LP bought a new stake in Mobile TeleSystems OAO during the second quarter valued at approximately $102,000. Profund Advisors LLC bought a new stake in Mobile TeleSystems OAO during the second quarter valued at approximately $102,000. Finally, OLD Mission Capital LLC bought a new stake in Mobile TeleSystems OAO during the first quarter valued at approximately $119,000. Hedge funds and other institutional investors own 29.72% of the company’s stock.

About Mobile TeleSystems OAO

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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