MTN Group (OTCMKTS:MTNOY) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• MTN Group's share price rose above its 200-day moving average, reaching a high of $7.98, with the last traded price at $7.94.
• Analysts have mixed opinions on the stock, with Citigroup upgrading it to a "strong-buy" while Barclays maintains an "underweight" rating, leading to a consensus rating of "Moderate Buy."
• The company has a current debt-to-equity ratio of 0.48 and reported a trading volume of 9,123 shares, indicating a somewhat stable financial position amidst recent trading fluctuations.

MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.23 and traded as high as $7.98. MTN Group shares last traded at $7.94, with a volume of 9,123 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MTNOY shares. Barclays reaffirmed an "underweight" rating on shares of MTN Group in a report on Friday, August 29th. Citigroup raised MTN Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy".

MTN Group Price Performance

The business has a fifty day moving average of $8.44 and a 200-day moving average of $7.27. 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.