MTN Group (OTCMKTS:MTNOY) Shares Gap Up – Should You Buy?

MTN Group Ltd. (OTCMKTS:MTNOY) gapped up prior to trading on Thursday . The stock had previously closed at $12.72, but opened at $13.40. MTN Group shares last traded at $13.44, with a volume of 7,215 shares.

Analyst Ratings Changes

Separately, UBS Group began coverage on shares of MTN Group in a research note on Monday, March 23rd. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

MTN Group Price Performance

The company’s 50-day moving average is $12.70 and its two-hundred day moving average is $11.56. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31.

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.