Mobile TeleSystems OJSC (MBT) Shares are Down -6.23%

Mobile TeleSystems OJSC (MBT) : During the past 4 weeks, traders have been relatively bearish on Mobile TeleSystems OJSC (MBT), hence the stock is down -5.14% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -6.2% relative to the S&P 500. The 4-week change in the price of the stock is -4.77% and the stock has fallen -6.23% in the past 1 week.

Mobile TeleSystems PJSC is up 2.17% in the last 3-month period. Year-to-Date the stock performance stands at 46.31%. The stock has recorded a 20-day Moving Average of 3.77% and the 50-Day Moving Average is 0.29%.


Mobile TeleSystems OJSC (NYSE:MBT): The stock opened at $8.61 on Friday but the bulls could not build on the opening and the stock topped out at $8.62 for the day. The stock traded down to $8.53 during the day, due to lack of any buying support eventually closed down at $8.58 with a loss of -1.15% for the day. The stock had closed at $8.68 on the previous day. The total traded volume was 2,456,849 shares.

Also, Credit Suisse initiates coverage on Mobile TeleSystems OJSC (NYSE:MBT). In the latest research report, Credit Suisse announces the target price to $10 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. 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.

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