Mobile TeleSystems OJSC (NYSE:MBT) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Wednesday. They currently have a $11.00 price objective on the Wireless communications provider’s stock. Deutsche Bank’s price target points to a potential upside of 14.94% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. TheStreet raised Mobile TeleSystems OJSC from a “c” rating to a “b-” rating in a research report on Friday, November 17th. Zacks Investment Research cut Mobile TeleSystems OJSC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 26th. ValuEngine raised Mobile TeleSystems OJSC from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, BidaskClub raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $10.85.

Mobile TeleSystems OJSC (MBT) traded down $0.24 during mid-day trading on Wednesday, reaching $9.57. The company had a trading volume of 2,926,200 shares, compared to its average volume of 2,987,896. The company has a market cap of $9,760.51, a PE ratio of 10.01, a PEG ratio of 0.88 and a beta of 0.94. Mobile TeleSystems OJSC has a fifty-two week low of $7.76 and a fifty-two week high of $11.59. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.93 and a quick ratio of 0.86.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MBT. BlackRock Inc. lifted its holdings in shares of Mobile TeleSystems OJSC by 13.1% during the 2nd quarter. BlackRock Inc. now owns 27,526,734 shares of the Wireless communications provider’s stock valued at $230,672,000 after buying an additional 3,184,940 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Mobile TeleSystems OJSC during the 3rd quarter valued at $17,133,000. State Street Corp lifted its holdings in shares of Mobile TeleSystems OJSC by 21.6% during the 2nd quarter. State Street Corp now owns 9,127,385 shares of the Wireless communications provider’s stock valued at $76,488,000 after buying an additional 1,622,200 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Mobile TeleSystems OJSC by 19.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,438,681 shares of the Wireless communications provider’s stock valued at $99,861,000 after buying an additional 1,554,205 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Mobile TeleSystems OJSC by 74.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 3,052,094 shares of the Wireless communications provider’s stock valued at $31,864,000 after buying an additional 1,297,673 shares during the period. 32.22% of the stock is currently owned by hedge funds and other institutional investors.

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About Mobile TeleSystems OJSC

Mobil’nye Telesistemy PAO is a Russia-based provider of telecommunications services. The Company provides mobile and fixed-line voice and data telecommunications services, including data transfer, broadband, pay-television (pay-TV) and various value-added services, as well as selling equipment and accessories.

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