Mobile TeleSystems OJSC (MBT) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Mobile TeleSystems OJSC (NYSE:MBT) released its quarterly earnings results on Monday. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04, Morningstar.com reports. The business had revenue of $1.87 billion during the quarter. Mobile TeleSystems OJSC had a return on equity of 34.85% and a net margin of 11.05%.
Shares of Mobile TeleSystems OJSC (MBT) opened at 9.36 on Wednesday. The firm has a 50-day moving average price of $8.58 and a 200 day moving average price of $9.58. The stock has a market cap of $9.26 billion, a PE ratio of 6.22 and a beta of 0.94. Mobile TeleSystems OJSC has a 12-month low of $7.09 and a 12-month high of $11.59.
The firm also recently declared a None dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a $0.412 dividend. The ex-dividend date was Thursday, July 6th. Mobile TeleSystems OJSC’s dividend payout ratio (DPR) is 82.76%.
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Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of Mobile TeleSystems OJSC during the first quarter worth approximately $130,000. M&T Bank Corp purchased a new stake in shares of Mobile TeleSystems OJSC during the first quarter worth approximately $134,000. Tudor Investment Corp ET AL purchased a new stake in shares of Mobile TeleSystems OJSC during the second quarter worth approximately $103,000. Sciencast Management LP purchased a new stake in shares of Mobile TeleSystems OJSC during the second quarter worth approximately $103,000. Finally, Greenleaf Trust purchased a new stake in shares of Mobile TeleSystems OJSC during the second quarter worth approximately $115,000. Institutional investors own 32.15% of the company’s stock.
Several research firms have recently issued reports on MBT. Morgan Stanley downgraded Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $12.60 to $9.90 in a research note on Thursday, May 4th. Zacks Investment Research cut Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub upgraded Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co upgraded Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price objective for the company in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.05.
Mobile TeleSystems OJSC 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.
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