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

MTN Group logo with Computer and Technology background

Key Points

  • MTN Group's stock reached a new 52-week high at $8.44 during trading, compared to a previous close of $8.20.
  • Citigroup upgraded MTN Group's stock rating from "hold" to "strong-buy" in a recent research report.
  • The company provides mobile telecommunications services in various regions, including Africa and the Middle East, offering data, voice, and digital services.
  • Want stock alerts on MTN Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $8.44 and last traded at $8.44, with a volume of 1675 shares trading hands. The stock had previously closed at $8.20.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on MTN Group

MTN Group Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.95 and a quick ratio of 0.95. The company's 50-day simple moving average is $7.69 and its two-hundred day simple moving average is $6.74.

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

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