MTN Group (OTCMKTS:MTNOY) Shares Gap Up - Should You Buy?

Key Points

• MTN Group's stock price gapped up from $8.17 to $8.53 before trading, closing at $8.58 with a volume of 820 shares.
• Analyst ratings have fluctuated, with Citigroup upgrading MTN Group to a "strong-buy" and Barclays maintaining an "underweight" rating, resulting in a consensus rating of "Moderate Buy."
• The company operates in the telecommunications sector across multiple regions, including South Africa, Nigeria, and the Middle East, providing various services such as data, voice, and digital services.

MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $8.17, but opened at $8.53. MTN Group shares last traded at $8.58, with a volume of 820 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MTNOY shares. Barclays restated an "underweight" rating on shares of MTN Group in a research note on Friday, August 29th. Citigroup upgraded MTN Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

MTN Group Trading Up 5.0%

The business has a 50-day moving average of $8.45 and a 200 day moving average of $7.28. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.95 and a quick ratio of 0.95.

MTN Group Company Profile

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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