Credit Suisse Initiates Coverage on Mobile Telesystems (MBT)
Mobile Telesystems traded down 2.13% on Wednesday, hitting $16.55. Mobile Telesystems has a 1-year low of $11.41 and a 1-year high of $20.20. The company has a market cap of $16.458 billion and a price-to-earnings ratio of 10.32.
Separately, analysts at Deutsche Bank (NYSE: DB) downgraded shares of Mobile Telesystems from a “hold” rating to a “buy” rating in a research note to investors on Thursday, May 17th. They now have a $22.60 price target on the stock, up previously from $20.80.
Mobile TeleSystems OJSC (MTS) is a telecommunications provider in Russia and the Commonwealth of Independent States, providing a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television and various value-added services, as well as selling equipment and accessories.