Mobile TeleSystems OJSC (NYSE:MBT) has tumbled 3.91% during the past week and has dropped 5.54% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.76%. Mobile TeleSystems OJSC (NYSE:MBT) has underperformed the index by 6.4% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Mobile TeleSystems OJSC (NYSE:MBT): The stock opened at $8.52 on Friday but the bulls could not build on the opening and the stock topped out at $8.54 for the day. The stock traded down to $8.21 during the day, due to lack of any buying support eventually closed down at $8.36 with a loss of -0.48% for the day. The stock had closed at $8.40 on the previous day. The total traded volume was 5,119,046 shares.
The company shares have dropped -18.91% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $10.41 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.99 and the 200 Day Moving Average price is recorded at $7.67.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Deutsche Bank downgrades its rating on Mobile TeleSystems OJSC (NYSE:MBT).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on March 24, 2016. Currently the company Insiders own 1% of Mobile TeleSystems OJSC shares according to the proxy statements. Institutional Investors own 34.73% of Mobile TeleSystems OJSC shares.
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.