Shares of Mobile TeleSystems OAO (NYSE:MBT) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $10.18.

MBT has been the subject of a number of recent analyst reports. HSBC cut Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. Zacks Investment Research raised Mobile TeleSystems OAO from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Wednesday, October 19th. Finally, Citigroup Inc. raised Mobile TeleSystems OAO from a “neutral” rating to a “buy” rating in a research report on Monday, November 21st.

Mobile TeleSystems OAO (NYSE:MBT) opened at 7.66 on Monday. The firm has a 50-day moving average of $7.52 and a 200-day moving average of $8.30. Mobile TeleSystems OAO has a 12-month low of $5.15 and a 12-month high of $9.47. The firm has a market cap of $7.62 billion, a P/E ratio of 5.46 and a beta of 1.07.

The firm also recently declared a dividend, which was paid on Monday, November 21st. Stockholders of record on Friday, October 14th were issued a dividend of $0.3837 per share. The ex-dividend date of this dividend was Wednesday, October 12th. This is a positive change from Mobile TeleSystems OAO’s previous dividend of $0.32. Mobile TeleSystems OAO’s payout ratio is 98.46%.

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Several hedge funds and other institutional investors have recently modified their holdings of MBT. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Mobile TeleSystems OAO by 3.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 560,270 shares of the company’s stock worth $4,639,000 after buying an additional 20,931 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of 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 worth $273,000 after buying an additional 3,000 shares during the period. ING Groep NV raised its position in shares of Mobile TeleSystems OAO by 92.3% in the second quarter. ING Groep NV now owns 145,813 shares of the company’s stock worth $1,206,000 after buying an additional 70,000 shares during the period. Alps Advisors Inc. raised its position in shares of Mobile TeleSystems OAO by 25.3% in the second quarter. Alps Advisors Inc. now owns 36,413 shares of the company’s stock worth $301,000 after buying an additional 7,350 shares during the period. Finally, Strs Ohio raised its position in shares of Mobile TeleSystems OAO by 1.4% in the second quarter. Strs Ohio now owns 631,991 shares of the company’s stock worth $5,232,000 after buying an additional 9,000 shares during the period. Institutional investors own 31.03% of the company’s stock.

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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