MTN Group (OTCMKTS:MTNOY) Hits New 12-Month High – What’s Next?

MTN Group Ltd. (OTCMKTS:MTNOY)’s stock price hit a new 52-week high on Thursday . The company traded as high as $13.42 and last traded at $13.42, with a volume of 920 shares traded. The stock had previously closed at $12.94.

Analysts Set New Price Targets

Separately, UBS Group assumed coverage on MTN Group in a research 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 given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

MTN Group Stock Up 4.9%

The stock has a 50-day simple moving average of $12.30 and a two-hundred day simple moving average of $11.27. 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.