Mobile Telesystems OJSC ( MBT) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.2%. By the end of trading, Mobile Telesystems OJSC rose 24 cents (1.4%) to $17.94 on heavy volume. Throughout the day, 4.8 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in a price between $17.85-$18.61 after having opened the day at $18.15 as compared to the previous trading day's close of $17.70. Other companies within the Telecommunications industry that increased today were: eOn Communications Corporation ( EONC), up 15.8%, Parametric Sound ( PAMT), up 15.4%, Vicon Industries ( VII), up 7.4%, and ClearOne Communications Corporation ( CLRO), up 5.5%. Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. Mobile Telesystems OJSC has a market cap of $16.56 billion and is part of the technology sector. The company has a P/E ratio of 11.4, above the average telecommunications industry P/E ratio of 10.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 13.4% year to date as of the close of trading on Wednesday. Currently there are four analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and one rates it a hold. TheStreet Ratings rates Mobile Telesystems OJSC as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.