Short Term Price Target on Mobile TeleSystems OJSC (MBT)

Mobile TeleSystems OJSC (NYSE:MBT) : Average target price received by Mobile TeleSystems OJSC (NYSE:MBT) is $9.27 with an expected standard deviation of $1.12. The most aggressive target on the stock is $10, whereas the most downbeat target is $8. 3 financial analysts are currently covering the stock.

Mobile TeleSystems PJSC has lost 2.93% in the last five trading days and dropped 5.59% in the last 4 weeks. Mobile TeleSystems PJSC is up 1.1% in the last 3-month period. Year-to-Date the stock performance stands at 33.98%. Also, Credit Suisse initiates coverage on Mobile TeleSystems OJSC (NYSE:MBT). The shares have now been rated Outperform by the stock experts at the ratings house. Credit Suisse announces the current price target of $10 per share on Mobile TeleSystems OJSC. The rating by the firm was issued on June 20, 2016.

Mobile TeleSystems OJSC (NYSE:MBT) : 6 analysts are covering Mobile TeleSystems OJSC (NYSE:MBT) and their average rating on the stock is 1.75, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Mobile TeleSystems OJSC (NYSE:MBT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Mobile TeleSystems OJSC (NYSE:MBT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.25 and $7.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.28, notching a gain of 1.82% for the day. The total traded volume was 5,271,467 . The stock had closed at $8.13 on the previous day.

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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