Mobile Telesystems OJSC (MBT) NewsBite - MBT Rises on Q3 Profit

Thursday, November 13, 2008 10:57 AM EDT

Mobile Telesystems OJSC (NYSE: MBT) opened at $26.05. So far today, the stock has hit a low of $25.86 and a high of $29.82. MBT is now trading at $27.78, up $1.39 (5.27%). Over the last 52 weeks the stock has ranged from a low of $20.17 to a high of $105.78. MBT shares are trading higher today after the company posted a third-quarter profit of $515.6 million, beating analysts' estimates of $512.1 million. Technical indicators for the stock are neutral and S&P gives MBT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on MBT the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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