Mobile TeleSystems OJSC (MBT) Receives ‘Analyst’ Rating

Mobile TeleSystems OJSC (MBT) : 6 analysts are covering Mobile TeleSystems OJSC (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 (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 3, which recommends a Hold 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 (MBT) : 4 investment research analysts covering Mobile TeleSystems OJSC (MBT) have an average price target of $9 for the near short term. The highest target price given by the Brokerage Firm to the stock is $10 and the lowest target is $8 for the short term. Analysts expect the variance to be within $0.94 of the average price.


Also, Credit Suisse initiates coverage on Mobile TeleSystems OJSC (NYSE:MBT). In the latest research report, Credit Suisse announces the target price to $10 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on June 20, 2016.

Mobile TeleSystems OJSC (NYSE:MBT): The stock opened in the green at $7.92 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $7.95 and a low of $7.655 for the day. The stock did not find buyers even at the lows and closed at $7.77 recording a loss of -2.02%. 3,275,973 shares exchanged hands during the trading day. The stock had closed at $7.93 in the previous days trading.

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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