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MTN Group (OTCMKTS:MTNOY) Hits New 52-Week High - Time to Buy?

MTN Group logo with Computer and Technology background

Key Points

  • MTN Group's stock reached a new 52-week high, trading as high as $9.04 and closing at $8.69 on Wednesday, with a trading volume of 5820 shares.
  • Citigroup has upgraded MTN Group from a "hold" rating to a "strong-buy" rating, indicating positive sentiment among analysts.
  • The company operates in mobile telecommunications across various regions including South Africa and Nigeria, providing services such as data, voice, SMS, and fintech solutions.
  • MarketBeat previews the top five stocks to own by October 1st.

MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.04 and last traded at $8.69, with a volume of 5820 shares. The stock had previously closed at $8.66.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of MTN Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 26th.

Read Our Latest Report on MTN Group

MTN Group Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $7.89 and a two-hundred day simple moving average of $6.85.

About MTN Group

(Get Free Report)

MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, digital and fintech, interconnect, and roaming services, as well as sells mobile devices.

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