Stock analysts at UBS Group began coverage on shares of MTN Group (OTCMKTS:MTNOY - Get Free Report) in a research report issued on Monday. The brokerage set a "buy" rating on the technology company's stock.
MTN Group Stock Performance
MTNOY stock opened at $11.24 on Monday. The company's 50 day moving average is $11.67 and its 200 day moving average is $10.13. MTN Group has a 1-year low of $5.12 and a 1-year high of $13.32.
About MTN Group
(
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MTN Group OTCMKTS: MTNOY is a multinational telecommunications company headquartered in Johannesburg, South Africa. Founded in the mid-1990s as Mobile Telephone Networks, the company has grown into one of the largest mobile network operators serving consumers, businesses and governments across Africa and the Middle East. MTN is listed on the Johannesburg Stock Exchange and also trades over‑the‑counter in the United States under the symbol MTNOY.
The company's core activities include mobile voice and data services, fixed‑line and broadband offerings, and enterprise solutions such as cloud, connectivity and managed services.
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