Mobile Telesystems OJSC (MBT) NewsBite - MBT Upgraded By UBS

Posted: Thursday, November 12, 2009 11:40 AM EDT
By: Market Intelligence Center Staff





Mobile Telesystems OJSC (MBT) was upgraded today by analysts at UBS and the stock is now at $50.98, up $1.00 (1.99%) on volume of 691,589 shares traded. The analysts upped MBT to Buy from Neutral. Over the last 52 weeks the stock has ranged from a low of $18.36 to a high of $55.71. Mobile Telesystems OJSC stock has been showing support around $48.98 and resistance in the $51.76 range. 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 December out-of-the-money bull-put credit spread below the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]



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