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 up 5.3%. By the end of trading, Mobile Telesystems OJSC rose $0.46 (2.5%) to $18.94 on heavy volume. Throughout the day, 3,287,478 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 1,950,800 shares. The stock ranged in a price between $18.16-$19.01 after having opened the day at $18.46 as compared to the previous trading day's close of $18.48. Other companies within the Telecommunications industry that increased today were: Voltari ( VLTC), up 903.9%, Trunkbow International Holdings ( TBOW), up 14.3%, eOn Communications Corporation ( EONC), up 11.5% and Aware ( AWRE), up 9.7%.

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 $18.0 billion and is part of the technology sector. The company has a P/E ratio of 18.3, above the S&P 500 P/E ratio of 17.7. Shares are down 0.9% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Mobile Telesystems OJSC as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and weak operating cash flow.

On the negative front, Research in Motion ( BBRY), down 27.8%, Glowpoint ( GLOW), down 24.4%, InfoSonics Corporation ( IFON), down 6.2% and Zhone Technologies ( ZHNE), down 5.9% , were all laggards within the telecommunications industry with Verizon Communications ( VZ) being today's telecommunications industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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