Mobile TeleSystems OJSC (MBT) : Traders are bullish on Mobile TeleSystems OJSC (MBT) as it has outperformed the S&P 500 by a margin of 6.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.3%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.92% in the last 1 week, and is up 13.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Mobile TeleSystems OJSC (NYSE:MBT): The stock opened at $9.03 on Friday but the bulls could not build on the opening and the stock topped out at $9.11 for the day. The stock traded down to $8.91 during the day, due to lack of any buying support eventually closed down at $9.01 with a loss of -0.22% for the day. The stock had closed at $9.03 on the previous day. The total traded volume was 1,576,888 shares.
The stock has recorded a 20-day Moving Average of 6.33% and the 50-Day Moving Average is 6.45%. Mobile TeleSystems PJSC is up 5.04% in the last 3-month period. Year-to-Date the stock performance stands at 53.65%.
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.