MTN Group (OTCMKTS:MTNOY) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of MTN Group (OTCMKTS:MTNOY) in a report issued on Monday, Marketbeat.com reports. The brokerage issued a buy rating on the technology company’s stock.

MTN Group Trading Up 2.4%

Shares of MTNOY opened at $11.51 on Monday. MTN Group has a fifty-two week low of $5.12 and a fifty-two week high of $13.32. The company’s fifty day moving average is $11.69 and its two-hundred day moving average is $10.15.

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.