Mobile TeleSystems OJSC (MBT) : Traders are bullish on Mobile TeleSystems OJSC (MBT) as it has outperformed the S&P 500 by a wide margin of 2.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.22%, 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 3.27% in the last 1 week, and is up 3.51% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.84% and the 50-Day Moving Average is 6.76%. Mobile TeleSystems OJSC (NYSE:MBT): On Fridays trading session , Opening price of the stock was $9.22 with an intraday high of $9.26. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.09. However, the stock managed to close at $9.15, a loss of 0.65% for the day. On the previous day, the stock had closed at $9.21. The total traded volume of the day was 1,396,030 shares.
The company Insiders own 1% of Mobile TeleSystems OJSC shares according to the proxy statements. Institutional Investors own 35.85% of Mobile TeleSystems OJSC shares. Also, Credit Suisse initiates coverage on Mobile TeleSystems OJSC (NYSE:MBT). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm announces the price target at $10 per share. The rating by the firm was issued on June 20, 2016.
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.