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MTN Group (OTCMKTS:MTNOY) Reaches New 12-Month High - Time to Buy?

MTN Group logo with Computer and Technology background

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

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of MTN Group to a "buy" rating in a research note on Thursday.

Get Our Latest Report on MTNOY

MTN Group Trading Up 5.5%

The stock has a 50 day moving average price of $6.80 and a 200-day moving average price of $6.11. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.95 and a current ratio of 0.95.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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