Mobile TeleSystems OJSC (MBT) Receives Price Target

Mobile TeleSystems OJSC (MBT) : Currently there are 4 street experts covering Mobile TeleSystems OJSC (MBT) stock. The most bullish and bearish price target for the stock is $10 and $8 respectively for the short term. The average price target of all the analysts comes to $9. The estimated standard deviation from the target is $0.94.

Mobile TeleSystems OJSC (MBT) : Zacks Investment Research ranks Mobile TeleSystems OJSC (MBT) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.75, which indicates as a Buy.


Also, Credit Suisse initiates coverage on Mobile TeleSystems OJSC (NYSE:MBT) The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency announces the price target to $10 per share. The rating by the firm was issued on June 20, 2016.

Mobile TeleSystems OJSC (NYSE:MBT): The stock opened at $8.13 on Thursday but the bulls could not build on the opening and the stock topped out at $8.13 for the day. The stock traded down to $7.88 during the day, due to lack of any buying support eventually closed down at $7.93 with a loss of -2.46% for the day. The stock had closed at $8.13 on the previous day. The total traded volume was 3,335,950 shares.

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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