Mobile TeleSystems OJSC (MBT) : Analyst Rating Update

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 1 which endorses a Strong Buy 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) : Average target price received by Mobile TeleSystems OJSC (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 OJSC (NYSE:MBT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.31 and $8.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.59, notching a gain of 1.54% for the day. The total traded volume was 3,288,388 . The stock had closed at $8.46 on the previous day.

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. The company shares have rallied 2.55% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $9.47 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.73 and the 200 Day Moving Average price is recorded at $7.83.

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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