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

MTN Group Ltd. (OTCMKTS:MTNOY) shares hit a new 52-week high during mid-day trading on Friday . The company 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 Analysts Forecast Growth

Separately, UBS Group initiated coverage on MTN Group in a report on Monday, March 23rd. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

MTN Group Stock Performance

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

MTN Group Company Profile

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.