MTN Group (OTCMKTS:MTNOY) Shares Gap Up – Time to Buy?

Shares of MTN Group Ltd. (OTCMKTS:MTNOYGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $9.36, but opened at $9.74. MTN Group shares last traded at $9.77, with a volume of 17,581 shares traded.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an “underweight” rating on shares of MTN Group in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

View Our Latest Analysis on MTN Group

MTN Group Stock Down 1.6%

The business’s fifty day simple moving average is $9.56 and its 200 day simple moving average is $8.65.

MTN Group Company Profile

(Get Free Report)

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.

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