MTN Group (OTCMKTS:MTNOY) Shares Gap Up – Here’s Why

MTN Group Ltd. (OTCMKTS:MTNOY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $9.50, but opened at $9.86. MTN Group shares last traded at $9.86, with a volume of 425 shares trading hands.

Analyst Ratings Changes

Separately, Barclays restated an “underweight” rating on shares of MTN Group in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

MTN Group Stock Up 1.2%

The firm has a 50 day moving average of $9.61 and a two-hundred day moving average of $8.73.

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.