Credit Suisse Initiates Coverage on Mobile Telesystems (MBT)

By admin | 6 years ago

Equities researchers at Credit Suisse (NYSE: CS) began coverage on shares of Mobile Telesystems (NYSE: MBT) in a report issued on Wednesday. The firm set an “outperform” rating on the stock.

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.

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