MTN Group (OTCMKTS:MTNOY) Shares Gap Down – Time to Sell?

Shares of MTN Group Ltd. (OTCMKTS:MTNOYGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $9.67, but opened at $9.41. MTN Group shares last traded at $9.49, with a volume of 4,619 shares changing hands.

Wall Street Analyst Weigh In

Separately, Barclays restated 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Analysis on MTNOY

MTN Group Price Performance

The stock has a 50-day moving average price of $9.57 and a 200 day moving average price of $8.67.

MTN Group Company Profile

(Get Free Report)

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.

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