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 down 0.5%. By the end of trading, Mobile Telesystems OJSC rose $0.34 (1.5%) to $23.39 on average volume. Throughout the day, 1,917,193 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 1,638,900 shares. The stock ranged in a price between $22.82-$23.50 after having opened the day at $22.89 as compared to the previous trading day's close of $23.05. Other companies within the Telecommunications industry that increased today were: ARC Group Worldwide ( ARCW), up 20.2%, Blonder Tongue Laboratories ( BDR), up 13.1%, Alvarion ( ALVR), up 10.4% and MERU Networks ( MERU), up 6.4%.

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 $22.2 billion and is part of the technology sector. Shares are up 19.8% year to date as of the close of trading on Friday. 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 solid stock price performance, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

On the negative front, Alteva ( ALTV), down 29.1%, xG Technology ( XGTI), down 23.4%, Sky-mobi ( MOBI), down 7.8% and eOn Communications Corporation ( EONC), down 4.8% , were all laggards within the telecommunications industry with America Movil S.A.B. de C.V ( AMX) 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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