Standpoint Research upgraded shares of Mobile TeleSystems OJSC (NYSE:MBT) from a hold rating to a buy rating in a research note released on Wednesday morning, TheFlyOnTheWall.com reports. They currently have $20.00 target price on the stock. Mobile TeleSystems OJSC (ADR) (NYSE:MBT) shares after opening at $15.75 moved to $17.16 on last trade day and at the end of the day closed at $17.10. Company price to sales ratio in past twelve months was calculated as 1.55 and price to cash ratio as 10.65. Mobile TeleSystems OJSC (ADR) (NYSE:MBT) showed a positive weekly performance of 3.95%.
Chemtura Corp (NYSE:CHMT) plans to sell its agrochemicals business to Platform Specialty Products Corp (PAH.N) for about $1 billion, the Wall Street Journal reported, citing people familiar with the matter. Chemtura Corp (NYSE:CHMT) shares fell -8.13% in last trading session and ended the day on $23.16. CHMT return on equity ratio is recorded as -19.70% and its return on assets is -6.90%. Chemtura Corp (NYSE:CHMT) yearly performance is 17.56%.
NQ Mobile Inc. (NYSE:NQ), the mobile-phone operator accused by short seller Carson Block of overstating revenue, said a two-day drop (NYSE:NQ) of 31 percent in its shares is “entirely unacceptable and ridiculous.” NQ Mobile Inc. (ADR) (NYSE:NQ) shares moved up 5.22% in last trading session and was closed at $12.90, while trading in range of $11.81 – $13.10. NQ Mobile Inc. (ADR) (NYSE:NQ) year to date (YTD) performance is -12.24%.
Midstates Petroleum Company (NYSE:MPO) was downgraded by equities researchers at MLV & Co. from a “buy” rating to a “hold” rating in a research report issued on Monday, TheFlyOnTheWall.com reports. Midstates Petroleum Company Inc. (NYSE:MPO) weekly performance is 17.03%. On last trading day company shares ended up $5.91. Midstates Petroleum Company Inc. (NYSE:MPO) distance from 50-day simple moving average (SMA50) is 20.98%. Analysts mean target price for the company is $7.18.
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