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MTN Group (OTCMKTS:MTNOY) Reaches New 12-Month High - Here's What Happened

MTN Group logo with Computer and Technology background

MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $7.85 and last traded at $7.85, with a volume of 2229 shares trading hands. The stock had previously closed at $7.48.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on MTN Group

MTN Group Stock Up 0.5%

The company has a 50 day simple moving average of $6.88 and a 200 day simple moving average of $6.16. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48.

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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