Stock analysts at Deutsche Bank AG initiated coverage on shares of MTN Group Ltd (NASDAQ:MTNOY) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Separately, Zacks Investment Research upgraded shares of MTN Group from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Wednesday, July 13th.

Shares of MTN Group (NASDAQ:MTNOY) opened at 7.81 on Wednesday. The stock’s 50 day moving average price is $8.39 and its 200-day moving average price is $8.99. MTN Group has a 12 month low of $6.65 and a 12 month high of $14.14. The stock has a market capitalization of $14.24 billion and a price-to-earnings ratio of 70.36.

About MTN Group

MTN Group Limited is a mobile operator. The Company offers voice, data and digital services to retail customers in approximately 20 countries where it has telecoms licenses, as well as enterprise solutions to corporate, small and medium enterprises (SME) and public sector customers in over 30 countries.

5 Day Chart for NASDAQ:MTNOY

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