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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.6%. By the end of trading, Mobile Telesystems OJSC rose $0.89 (4.5%) to $20.82 on average volume. Throughout the day, 2,081,540 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 1,900,200 shares. The stock ranged in a price between $20.12-$20.85 after having opened the day at $20.30 as compared to the previous trading day's close of $19.93. Other companies within the Telecommunications industry that increased today were: RigNet ( RNET), up 18.8%, Glowpoint ( GLOW), up 13.6%, Net Element International ( NETE), up 10.5% and Inteliquent ( IQNT), up 10.4%.

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 $20.1 billion and is part of the technology sector. Shares are up 8.5% year to date as of the close of trading on Monday. 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 buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Alvarion ( ALVR), down 24.1%, China TechFaith Wireless Comm Tech ( CNTF), down 13.5%, Zoom Technologies ( ZOOM), down 8.8% and xG Technology ( XGTI), down 6.2% , 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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