MTN Group (OTCMKTS:MTNOY) Shares Gap Down – Here’s Why

MTN Group Ltd. (OTCMKTS:MTNOYGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $9.86, but opened at $9.50. MTN Group shares last traded at $9.2550, with a volume of 4,637 shares traded.

Wall Street Analyst Weigh In

Separately, Barclays reaffirmed an “underweight” rating on shares of MTN Group in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

View Our Latest Analysis on MTNOY

MTN Group Stock Down 6.1%

The firm has a fifty day moving average price of $9.29 and a 200 day moving average price of $8.42.

About MTN Group

(Get Free Report)

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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