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

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.

Shares of MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report) 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 trading hands.

Analyst Upgrades and Downgrades

MTNOY has been the topic of a number of research reports. Barclays reissued an "underweight" rating on shares of MTN Group in a research note on Friday, August 29th. Citigroup raised shares of MTN Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, MTN Group presently has a consensus rating of "Moderate Buy".

MTN Group Price 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 business's 50-day simple moving average is $8.47 and its two-hundred day simple moving average is $7.33.

About MTN Group

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.