Mobile TeleSystems OJSC (MBT) has risen sharply, recording gains of 4.24% in the past 4 weeks. However, the stock has corrected -0.34% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.71% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Mobile TeleSystems OJSC (NYSE:MBT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.75 and $8.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.86, notching a gain of 1.37% for the day. The total traded volume was 1,005,934 . The stock had closed at $8.74 on the previous day.
The stock has recorded a 20-day Moving Average of 0.53% and the 50-Day Moving Average is 4.13%. Mobile TeleSystems PJSC has dropped 0.24% during the last 3-month period . Year-to-Date the stock performance stands at 51.09%.
Mobile TeleSystems OJSC (MBT) : The highest short term price target forecast on Mobile TeleSystems OJSC (MBT) is $10 and the lowest target price is $8. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $9.05 with a standard deviation of $1.01.
Mobilnye Telesystemy PAO (MTS PAO or Mobile TeleSystems PJSC), formerly Mobilnye Telesystemy OAO, is a Russia-based company engaged in the telecommunication industry. The Company provides a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television (TV) and various value-added services, as well as selling equipment and accessories. The Company provides its services domestically, as well as abroad, including Ukraine, Uzbekistan, Armenia, Turkmenistan and Belarus. MTS PAO operates through numerous branches located domestically and in Belarus, as well as several subsidiaries.