The telecommunications industry closed the day down 2%. Zoom Technologies Inc ( ZOOM), Phazar Corporation ( ANTP), ClearOne Communications Corporation ( CLRO), and Ikanos Communications Inc ( IKAN) were all winners today within the telecommunications industry with Mobile TeleSystems ( MBT) being today's featured telecommunications winner. Mobile TeleSystems rose 40 cents (3%) to $13.58 on heavy volume. Throughout the day, 6.4 million shares of Mobile TeleSystems exchanged hands as compared to its average daily volume of 3.2 million shares. Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Turkmenistan, Armenia, and Belarus. Mobile TeleSystems has a market cap of $12.5 billion and is part of the technology sector. The company has a P/E ratio of 13, above the average telecommunications industry P/E ratio of 9.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 36.8% year to date as of the close of trading on Thursday. TheStreet Ratings rates Mobile TeleSystems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management.
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