Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Mobile Telesystems OJSC fell $0.25 (-1.2%) to $20.74 on light volume. Throughout the day, 1,140,182 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 1,913,800 shares. The stock ranged in price between $20.63-$21.08 after having opened the day at $21.08 as compared to the previous trading day's close of $20.99. Other companies within the Telecommunications industry that declined today were:
), down 12.3%,
), down 7.0%,
), down 5.8% and
), down 5.7%.
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Mobile TeleSystems OJSC provides mobile and fixed voice, broadband, and pay TV, as well as content and entertainment services in Russia, eastern Europe, and central Asia. Mobile Telesystems OJSC has a market cap of $21.0 billion and is part of the technology sector. Shares are up 12.6% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Mobile Telesystems OJSC
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.
- You can view the full Mobile Telesystems OJSC Ratings Report.
On the positive front,
), up 13.1%,
), up 12.6%,
), up 11.1% and
), up 9.7% , were all gainers within the telecommunications industry with
) being today's featured telecommunications industry leader.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
) while those bearish on the telecommunications industry could consider
- Find other investment ideas from our top rated ETFs lists.