MTN Group (OTCMKTS:MTNOY) Sets New 12-Month High - Here's Why
Shares of MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $8.11 and last traded at $8.10, with a volume of 9612 shares traded. The stock had previously closed at $8.05.
Separately, Citigroup upgraded MTN Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th.
Read Our Latest Report on MTNOY
The firm's 50-day simple moving average is $6.97 and its 200 day simple moving average is $6.20. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48.
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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