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

MTN Group logo with Computer and Technology background

Key Points

  • MTN Group shares reached a new 52-week high of $9.87 during mid-day trading, closing at $9.80.
  • Citi upgraded MTN Group from a "hold" to a "strong-buy" rating, indicating positive growth expectations.
  • The company's 50-day moving average stands at $7.94, significantly above its 200-day moving average of $6.87.
  • MarketBeat previews top five stocks to own in October.

MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.87 and last traded at $9.80, with a volume of 1779 shares. The stock had previously closed at $9.32.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on MTN Group

MTN Group Price Performance

The business has a 50 day moving average of $8.14 and a 200-day moving average of $6.97. 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.

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