MTN Group (OTCMKTS:MTNOY) Hits New 1-Year High – Still a Buy?

MTN Group Ltd. (OTCMKTS:MTNOY)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $13.32 and last traded at $13.2435, with a volume of 29042 shares trading hands. The stock had previously closed at $12.9670.

Analyst Upgrades and Downgrades

Separately, UBS Group assumed coverage on shares of MTN Group in a research report on Monday, March 23rd. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

MTN Group Stock Performance

The company has a 50-day moving average of $12.08 and a 200-day moving average of $10.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.94 and a quick ratio of 0.93.

About MTN Group

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.