MTN Group Ltd (NASDAQ:MTNOY) Rating Increased to Buy at Deutsche Bank AG

MTN Group Ltd (NASDAQ:MTNOY) was upgraded by research analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a report issued on Monday, August 7th.

MTN Group (NASDAQ MTNOY) traded up 1.60% during midday trading on Monday, hitting $9.52. The company had a trading volume of 18,021 shares. The company has a market capitalization of $17.11 billion and a P/E ratio of 28.94. The stock has a 50 day moving average price of $9.05 and a 200 day moving average price of $9.07. MTN Group has a 52 week low of $7.46 and a 52 week high of $10.09.

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About MTN Group

MTN Group Limited (MTN) is a mobile operator. The Company offers consumer, digital and business services. It operates in three regions: South and East Africa (SEA), West and Central Africa (WECA) and the Middle East and North Africa (MENA). It also operates in Kenya and Namibia. It offers voice, data and digital services to consumers.

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