Mobile Telesystems OJSC (MBT): Today's Featured Telecommunications Winner

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 0.4%. By the end of trading, Mobile Telesystems OJSC rose 13 cents (0.8%) to $17.23 on average volume. Throughout the day, 2.5 million shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in a price between $17.09-$17.32 after having opened the day at $17.25 as compared to the previous trading day's close of $17.10. Other companies within the Telecommunications industry that increased today were: City Telecom ( CTEL), up 13.2%, Dialogic ( DLGC), up 12.3%, magicJack VocalTec ( CALL), up 9.3%, and Premiere Global Services ( PGI), up 7.3%.

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 $17.13 billion and is part of the technology sector. The company has a P/E ratio of 11.8, above the average telecommunications industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7. Shares are up 16.5% year to date as of the close of trading on Monday. Currently there are five 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.

On the negative front, TeleCommunication Systems ( TSYS), down 9.2%, Neonode ( NEON), down 8.9%, Ambient Corporation ( AMBT), down 7.5%, and Schawk ( SGK), down 7.4%, were all losers within the telecommunications industry with America Movil S.A.B. de C.V ( AMX) being today's telecommunications industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).
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