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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Mobile Telesystems OJSC (NYSE: MBT) hit a new 52-week high Tuesday as it is currently trading at $21.08, above its previous 52-week high of $21 with 393,992 shares traded as of 10:41 a.m. ET. Average volume has been two million shares over the past 30 days. Mobile Telesystems OJSC has a market cap of $20.86 billion and is part of the technology sector and telecommunications industry. Shares are up 11.6% year to date as of the close of trading on Monday. Mobile TeleSystems OJSC, together with its subsidiaries, provides telecommunications services primarily in the Russian Federation, Ukraine, Uzbekistan, Armenia, and Belarus. The company has a P/E ratio of 14.4, below the S&P 500 P/E ratio of 17.7.