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Enter Symbol:
Mobile Telesystems (MBT) [hlAlert]

down 78.87 %

Mobile Telesystems (MBT) rated Overweight with price target $21 by HSBC Securities

Posted on: Monday,  Sep 12, 2011  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Mobile Telesystems (NYSE: MBT) on 09/12/2011. Previously HSBC Securities rated Overweight Mobile Telesystems (NYSE: MBT) on 05/23/2008.,
when the stock price was $35.21. Since then, Mobile Telesystems has lost 78.87% as of 11/27/2015's recent price of $7.44.
If you would have followed the previous HSBC Securities's recommendation on MBT, you would have lost 78.87% of your investment in 2744 days.

Mobile TeleSystems OJSC is a provider of mobile cellular communications services in Russia, Uzbekistan, Turkmenistan and Armenia and Ukraine. During the year ended December 31, 2008, the Company had a subscriber base of 91.33 million (64.63 million in Russia, 18.12 million in Ukraine, 5.65 million in Uzbekistan, 0.93 million in Turkmenistan and 2.02 million in Armenia). In addition to standard voice services, the Company offers its subscribers value added services, including voice mail, short message service (SMS), general packet radio service (GPRS), augmented by enhanced data rates for GSM evolution (EDGE), high-speed downlink packet access (HSDPA), and various SMS- and GPRS/EDGE/HSDPA-based information and entertainment services (including multi media message service (MMS)). In October 2009, Sistema completed the sale of its 50.91% stake in Komstar - Obyedinennye TeleSistemy OAO to Mobile TeleSystems.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/12/2011 8:25 AM Buy
14.24 21.00
as of 12/30/2011
1 Week down  -1.80 %
1 Month down  -15.04 %
3 Months up  19.34 %
1 YTD down  -29.65 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/23/2008 8:25 AM Buy
35.21 43.20

(*) Stock Price at the time of the recommendation.
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