Zacks Investment Research Lowers Mobile TeleSystems OAO (MBT) to Sell
Mobile TeleSystems OAO (NYSE:MBT) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued to investors on Tuesday.
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. “
A number of other equities analysts have also weighed in on MBT. Citigroup Inc. upgraded shares of Mobile TeleSystems OAO from a “neutral” rating to a “buy” rating in a report on Monday. HSBC lowered shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.39.
Shares of Mobile TeleSystems OAO (NYSE:MBT) opened at 7.33 on Tuesday. The company has a 50 day moving average price of $7.55 and a 200-day moving average price of $8.33. The stock has a market cap of $7.29 billion, a P/E ratio of 5.23 and a beta of 1.07. 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 was paid on Monday, November 21st. Stockholders of record on Friday, October 14th were given a dividend of $0.3837 per share. 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 payout ratio is presently 98.46%.
Large investors have recently modified their holdings of the stock. Pacad Investment Ltd. acquired a new stake in shares of Mobile TeleSystems OAO during the second quarter worth about $100,000. Ronald Blue & Co. LLC acquired a new stake in shares of Mobile TeleSystems OAO during the third quarter worth about $101,000. Quantbot Technologies LP acquired a new stake in shares of Mobile TeleSystems OAO during the second quarter worth about $102,000. Profund Advisors LLC acquired a new stake in shares of Mobile TeleSystems OAO during the second quarter worth about $102,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Mobile TeleSystems OAO during the third quarter worth about $103,000. 31.03% of the stock is owned by hedge funds and other institutional investors.
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.
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