Shares of Mobile TeleSystems OJSC (MBT) Sees Large Inflow of Net Money Flow

Mobile TeleSystems OJSC (MBT) : Mobile TeleSystems OJSC (MBT) had a healthy money flow of $0.3 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $0.6 million, whereas, investors only sold shares worth $0.31 million on downticks. The stock closed the day with an up-down ratio of 1.96.The money flow in the block trades to the tune of $0.37 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.37 million worth of transactions were on upticks. Mobile TeleSystems OJSC (MBT) stock slid $0.03 intraday and traded at 7.56, a change of -0.33% over previous days close. However, for the week, the company shares are -2.52% compared to previous weeks close.

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Mobile TeleSystems PJSC has lost 1.91% in the last five trading days and dropped 6.33% in the last 4 weeks. Mobile TeleSystems PJSC has dropped 5.31% during the last 3-month period . Year-to-Date the stock performance stands at 31.31%.

Mobile TeleSystems OJSC (MBT) has an average broker rating of 1.75, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Mobile TeleSystems OJSC (NYSE:MBT): The stock opened at $7.65 and touched an intraday high of $7.7 on Wednesday. During the day, the stock corrected to an intraday low of $7.51, however, the bulls stepped in and pushed the price higher to close in the green at $7.7 with a gain of 1.58% for the day. The total traded volume for the day was 2,720,283. The stock had closed at $7.58 in the previous trading session.

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.

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