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MTN Group (OTCMKTS:MTNOY) Shares Gap Down - What's Next?

Written by MarketBeat
Updated August 23, 2025
MTN Group logo with Computer and Technology background

Key Points

  • MTN Group shares gapped down on Monday, opening at $9.01, down from a previous close of $9.76, with the last trading price at $8.98.
  • Citigroup has upgraded MTN Group from a "hold" rating to a "strong-buy" rating.
  • The company operates in mobile telecommunications across multiple regions, providing services such as data, voice, SMS, and fintech solutions.
  • MarketBeat previews top five stocks to own in October.

MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.76, but opened at $9.01. MTN Group shares last traded at $8.98, with a volume of 15,419 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded MTN Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

View Our Latest Analysis on MTN Group

MTN Group Price Performance

The company has a 50 day moving average of $8.27 and a 200-day moving average of $7.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.95 and a current ratio of 0.95.

MTN Group Company Profile

(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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