MTN Group (OTCMKTS:MTNOY) Shares Gap Down – Should You Sell?

MTN Group Ltd. (OTCMKTS:MTNOYGet Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $9.9465, but opened at $9.55. MTN Group shares last traded at $9.55, with a volume of 2,471 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays reiterated an “underweight” rating on shares of MTN Group in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on MTN Group

MTN Group Price Performance

The firm’s 50 day simple moving average is $8.85 and its two-hundred day simple moving average is $8.14.

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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