Brokerage Firm Rating Update on Mobile TeleSystems OJSC (MBT)

Mobile TeleSystems OJSC (MBT) : The consensus on Mobile TeleSystems OJSC (MBT) based on 6 analyst recommendation on the company stock is 1.75, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Mobile TeleSystems OJSC (MBT) stock is expected to deviate a maximum of $0.94 from the average target price of $9 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $8.


Company shares have received an average consensus rating of Hold for the current week Also, Credit Suisse initiates coverage on Mobile TeleSystems OJSC (NYSE:MBT).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Credit Suisse announces the price target of $10 per share. The rating by the firm was issued on June 20, 2016.

Mobile TeleSystems OJSC (NYSE:MBT): The stock opened at $8.35 and touched an intraday high of $8.49 on Wednesday. During the day, the stock corrected to an intraday low of $8.29, however, the bulls stepped in and pushed the price higher to close in the green at $8.3 with a gain of 0.48% for the day. The total traded volume for the day was 3,736,186. The stock had closed at $8.26 in the previous trading session.

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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