MTN Group (OTCMKTS:MTNOY) Sees Unusually-High Trading Volume – Still a Buy?

MTN Group Ltd. (OTCMKTS:MTNOY) saw unusually-high trading volume on Wednesday . Approximately 26,858 shares traded hands during mid-day trading, an increase of 99% from the previous session’s volume of 13,515 shares.The stock last traded at $13.25 and had previously closed at $12.9670.

Analyst Ratings Changes

Separately, UBS Group started coverage on shares of MTN Group in a report on Monday, March 23rd. They set a “buy” rating for the company. One investment 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

MTN Group Stock Performance

The company has a fifty day moving average price of $12.08 and a two-hundred day moving average price of $10.98. 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.