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

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 lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.7%. By the end of trading, Mobile Telesystems OJSC fell $0.20 (-1.1%) to $17.80 on light volume. Throughout the day, 1,484,001 shares of Mobile Telesystems OJSC exchanged hands as compared to its average daily volume of 2,402,800 shares. The stock ranged in price between $17.56-$17.81 after having opened the day at $17.59 as compared to the previous trading day's close of $18.00. Other companies within the Telecommunications industry that declined today were: Alvarion ( ALVR), down 12.5%, iPass ( IPAS), down 7.1%, eOn Communications Corporation ( EONC), down 4.3% and InfoSonics Corporation ( IFON), down 3.8%.

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 $17.9 billion and is part of the technology sector. Shares are down 16.8% year to date as of the close of trading on Wednesday. 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 revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself.

On the positive front, ARC Group Worldwide ( ARCW), up 16.0%, GTT Communications ( GTT), up 8.8%, ARRIS Group ( ARRS), up 7.6% and 8x8 ( EGHT), up 6.9% , were all gainers within the telecommunications industry with Level 3 Communications ( LVLT) being today's featured telecommunications industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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