In a report published Tuesday, Morgan Stanley analyst Cesar Tiron reiterated an Equal-Weight rating and $20.00 price target on Mobile TeleSystems OJSC MBT.
In the report, Morgan Stanley noted, “MTS results highlight solid execution and provide reassurance that a weaker macro has limited impact on telco spend. 1Q14 revenue and EBITDA came in ~0.5% ahead of consensus. We stay EW. MTS delivered a solid performance in its core Russian market.”
Mobile TeleSystems OJSC closed on Friday at $18.13.
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Posted In: Analyst ColorReiterationAnalyst RatingsCesar TironMorgan StanleyTelecommunication ServicesWireless Telecommunication Services
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