Citigroup Inc. upgraded shares of Mobile TeleSystems OAO (NYSE:MBT) from a neutral rating to a buy rating in a report issued on Monday.

Several other brokerages have also recently weighed in on MBT. HSBC cut Mobile TeleSystems OAO from a buy rating to a hold rating in a research note on Thursday, September 1st. Zacks Investment Research cut Mobile TeleSystems OAO from a buy rating to a sell rating in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $9.39.

Analyst Recommendations for Mobile TeleSystems OAO (NYSE:MBT)

Mobile TeleSystems OAO (NYSE:MBT) traded down 0.614% during mid-day trading on Monday, reaching $7.285. The company’s stock had a trading volume of 1,040,515 shares. Mobile TeleSystems OAO has a 1-year low of $5.15 and a 1-year high of $9.47. The firm has a 50-day moving average of $7.56 and a 200 day moving average of $8.33. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 5.196 and a beta of 1.07.

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

A number of large investors have recently made changes to their positions in the company. Schroder Investment Management Group increased its stake in shares of Mobile TeleSystems OAO by 158.9% in the second quarter. Schroder Investment Management Group now owns 10,948,953 shares of the company’s stock valued at $90,657,000 after buying an additional 6,720,445 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Mobile TeleSystems OAO by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 19,841,994 shares of the company’s stock valued at $151,394,000 after buying an additional 4,209,906 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Mobile TeleSystems OAO during the third quarter worth $15,260,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in Mobile TeleSystems OAO by 9,600.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,978,900 shares of the company’s stock worth $16,385,000 after buying an additional 1,958,500 shares during the period. Finally, BlackRock Fund Advisors increased its stake in Mobile TeleSystems OAO by 20.4% in the third quarter. BlackRock Fund Advisors now owns 8,399,999 shares of the company’s stock worth $64,092,000 after buying an additional 1,424,075 shares during the period. 31.03% of the stock is owned by hedge funds and other 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.

5 Day Chart for NYSE:MBT

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