Deutsche Bank Lowers Mobile Telesystems to Buy (MBT)
Mobile Telesystems (NYSE: MBT) was downgraded by equities researchers at Deutsche Bank (NYSE: DB) from a “hold” rating to a “buy” rating in a report issued on Thursday. They currently have a $22.60 target price on the stock, up from their previous target price of $20.80.
Mobile Telesystems opened at 15.92 on Thursday. Mobile Telesystems has a 1-year low of $11.41 and a 1-year high of $20.37. The company has a market cap of $15.832 billion and a price-to-earnings ratio of 10.90.
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.