Mobile TeleSystems OAO (NYSE:MBT) declared a dividend on Monday, October 3rd. Shareholders of record on Friday, October 14th will be paid a dividend of 0.3837 per share on Monday, November 21st. The ex-dividend date of this dividend is Wednesday, October 12th. This is an increase from Mobile TeleSystems OAO’s previous dividend of $0.32.
Mobile TeleSystems OAO (NYSE:MBT) opened at 8.03 on Tuesday. The company has a market capitalization of $7.99 billion, a P/E ratio of 5.50 and a beta of 1.20. Mobile TeleSystems OAO has a 52 week low of $5.15 and a 52 week high of $9.47. The firm has a 50 day moving average of $8.00 and a 200-day moving average of $8.60.
Several research firms recently commented on MBT. Credit Suisse Group AG began coverage on shares of Mobile TeleSystems OAO in a research note on Monday, June 20th. They issued an “outperform” rating and a $10.00 price target on the stock. Zacks Investment Research downgraded shares of Mobile TeleSystems OAO from a “buy” rating to a “sell” rating in a research note on Thursday, August 11th. Finally, HSBC downgraded shares of Mobile TeleSystems OAO from a “buy” rating to a “hold” rating in a research note on Thursday, September 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.69.
A number of large investors have recently made changes to their positions in the company. Pacad Investment Ltd. purchased a new stake in shares of Mobile TeleSystems OAO during the second quarter worth about $100,000. Profund Advisors LLC bought a new position in Mobile TeleSystems OAO during the second quarter worth approximately $102,000. Jane Street Group LLC bought a new position in Mobile TeleSystems OAO during the second quarter worth approximately $147,000. Invictus RG boosted its position in Mobile TeleSystems OAO by 2,346.9% in the second quarter. Invictus RG now owns 18,841 shares of the company’s stock worth $156,000 after buying an additional 18,071 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in Mobile TeleSystems OAO by 57.2% in the second quarter. Cubist Systematic Strategies LLC now owns 23,389 shares of the company’s stock worth $194,000 after buying an additional 8,512 shares during the period. Hedge funds and other institutional investors own 29.73% of the company’s stock.
About Mobile TeleSystems OAO
Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a 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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