MTN Group (OTCMKTS:MTNOY) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• MTN Group's stock climbed above its 50-day moving average ($12.04), trading as high as $12.6765 and last at $12.6750, up about 1.6% on a volume of 3,110 shares.
• UBS initiated coverage with a "Buy" on March 23, and the analyst mix (one Strong Buy, one Buy, one Sell) yields a consensus rating of Moderate Buy.
• The company shows tight short-term liquidity with a quick ratio of 0.93 and current ratio of 0.94, while leverage is modest with a debt-to-equity ratio of 0.31.

MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.04 and traded as high as $12.6765. MTN Group shares last traded at $12.6750, with a volume of 3,110 shares.

Analyst Ratings Changes

Separately, UBS Group assumed coverage on MTN Group in a research note on Monday, March 23rd. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MTN Group presently has a consensus rating of "Moderate Buy".

MTN Group Stock Up 1.6%

The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average price of $12.04 and a 200 day moving average price of $10.87.

MTN Group Company Profile

MTN Group OTCMKTS: MTNOY is a multinational telecommunications company headquartered in Johannesburg, South Africa. Founded in the mid-1990s as Mobile Telephone Networks, the company has grown into one of the largest mobile network operators serving consumers, businesses and governments across Africa and the Middle East. MTN is listed on the Johannesburg Stock Exchange and also trades over‑the‑counter in the United States under the symbol MTNOY.

The company's core activities include mobile voice and data services, fixed‑line and broadband offerings, and enterprise solutions such as cloud, connectivity and managed services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.