Analyst Rating Update on Mobile TeleSystems OJSC (MBT)

Mobile TeleSystems OJSC (MBT) : Zacks Investment Research ranks Mobile TeleSystems OJSC (MBT) as 2, which is a Buy 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 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.93, which indicates as a Buy.

Mobile TeleSystems OJSC (MBT) has been rated by 4 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 $9.05 and the expected standard deviation is $1.01.

Company shares have received an average consensus rating of Hold for the current week


Mobile TeleSystems OJSC (NYSE:MBT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.56 and $8.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.69, notching a gain of 1.64% for the day. The total traded volume was 1,195,236 . The stock had closed at $8.55 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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