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 1.8%. By the end of trading, Mobile Telesystems OJSC rose $0.48 (2.5%) to $20.07 on average volume. Throughout the day, 1,949,186 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 1,934,000 shares. The stock ranged in a price between $19.50-$20.07 after having opened the day at $19.50 as compared to the previous trading day's close of $19.59. Other companies within the Telecommunications industry that increased today were: Deltathree ( DDDC), up 277.8%, eOn Communications Corporation ( EONC), up 11.5%, Voltari ( VLTC), up 11.5% and MERU Networks ( MERU), up 8.2%.

Mobile TeleSystems OJSC provides mobile and fixed voice, broadband, and pay TV, as well as content and entertainment services in Russia, eastern Europe, and central Asia. Mobile Telesystems OJSC has a market cap of $18.9 billion and is part of the technology sector. Shares are up 1.9% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Mobile Telesystems OJSC a buy, no analysts rate it a sell, and 2 rate 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, Sprint Nextel ( S), down 10.2%, Telecom Italia SpA ( TI), down 6.2%, Telecom Italia SpA ( TI.A), down 5.1% and Linktone ( LTON), down 3.9% , were all laggards within the telecommunications industry with Nokia Oyj ( NOK) 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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