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

Mobile Telesystems OJSC ( MBT) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.1%. By the end of trading, Mobile Telesystems OJSC rose 19 cents (1%) to $19.14 on average volume. Throughout the day, 2.1 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 $18.66-$19.14 after having opened the day at $18.97 as compared to the previous trading day's close of $18.95. Other companies within the Technology sector that increased today were: TechTarget ( TTGT), up 22.9%, China Information Technology ( CNIT), up 20%, CSP ( CSPI), up 19%, and Clearwire ( CLWR), up 18.5%.

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 $19.08 billion and is part of the telecommunications industry. The company has a P/E ratio of 13.1, above the average telecommunications industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7. Shares are up 30.7% year to date as of the close of trading on Tuesday. 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, Otelco Inc. Income Deposit Secs Units Cons ( OTT), down 41.6%, EZChip Semiconductor ( EZCH), down 25%, Enphase Energy ( ENPH), down 24%, and Jive Software ( JIVE), down 21.2%, were all laggards within the technology sector with American Tower ( AMT) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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