Mobile TeleSystems OJSC (MBT) has risen sharply, recording gains of 6.09% in the past 4 weeks. However, the stock has corrected -1.33% 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 2.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.75% and the 50-Day Moving Average is 4.87%. Mobile TeleSystems PJSC is up 1.18% in the last 3-month period. Year-to-Date the stock performance stands at 51.6%.
Mobile TeleSystems OJSC (NYSE:MBT): stock turned positive on Friday. Though the stock opened at $8.76, the bulls momentum made the stock top out at $8.91 level for the day. The stock recorded a low of $8.7 and closed the trading day at $8.89, in the green by 1.72%. The total traded volume for the day was 2,457,500. The stock had closed at $8.74 in the previous days trading.
Also, Credit Suisse initiates coverage on Mobile TeleSystems OJSC (NYSE:MBT) . The global brokerage major announces a current price target of $10 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. 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.