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

MTN Group Ltd. (OTCMKTS:MTNOY)’s share price reached a new 52-week high on Friday . The stock traded as high as $14.0080 and last traded at $13.84, with a volume of 22863 shares changing hands. The stock had previously closed at $12.72.

Wall Street Analyst Weigh In

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

MTN Group Price Performance

The business has a fifty day moving average of $12.65 and a 200 day moving average of $11.54. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31.

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.