Price Target Update on Mobile TeleSystems OJSC (NYSE:MBT)

Mobile TeleSystems OJSC (NYSE:MBT) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $10 and the lowest price target forecast is $8. The average forecast of all the analysts is $9.27 and the expected standard deviation is $1.12.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Deutsche Bank downgrades its rating on Mobile TeleSystems OJSC (NYSE:MBT).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on March 24, 2016.

Mobile TeleSystems OJSC (NYSE:MBT): On Thursdays trading session , Opening price of the stock was $8.5 with an intraday high of $8.6. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.4. However, the stock managed to close at $8.53, a loss of 1.50% for the day. On the previous day, the stock had closed at $8.66. The total traded volume of the day was 10,152,350 shares.

The company shares have dropped -9.13% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $10.15 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.95 and the 200 Day Moving Average price is recorded at $7.71.

Mobilnye Telesystemy PAO (MTS PAO or Mobile TeleSystems PJSC), formerly Mobilnye Telesystemy OAO, is a Russia-based company engaged in the telecommunication industry. The Company provides a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television (TV) and various value-added services, as well as selling equipment and accessories. The Company provides its services domestically, as well as abroad, including Ukraine, Uzbekistan, Armenia, Turkmenistan and Belarus. MTS PAO operates through numerous branches located domestically and in Belarus, as well as several subsidiaries.

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