What Next For MTN Nigeria StockWhat Next For MTN Nigeria Stock
This stock has lost over 40% of its peak value.
I am beginning to think that this asset may fall to 160 naira if fundamentals doesn't change.
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−38.0 NGN
−133.84 B NGN
2.47 T NGN
5.58 B
About MTN NIGERIA COMMUNICATIONS PLC
Sector
Industry
CEO
Karl Olutokun Toriola
Website
Headquarters
Lagos
Founded
2000
ISIN
NGMTNN000002
FIGI
BBG00NZT3FQ2
MTN Nigeria Communications Plc engages in the provision of cellular network access, ICT solutions, and wireless telecommunications services. It operates through the following segments: Consumer Business Unit (CBU), Enterprise Business Unit (EBU), and Wholesale Business Unit (WBU). The CBU segment consists of subscribers sitting in value propositions and tariff plans dedicated to three sub segments: Youth, High Value, and Mass segments. The EBU segment is involved in the enterprise customers that are mostly corporate and small medium organizations whose business requires products, services, and solutions to serve everyday business needs. The WBU segment serves customers who buy MTN telecom products in bulk with the intention to re-sell products to external clients. The company was founded on November 8, 2000 and is headquartered in Lagos, Nigeria.
$MTNN MTN almost 50% retracement from all time high...NSENG:MTNN MTN Nigeria just had about a 50% retracement from an all time high of 319naira/share.
Current Price: 170
#MTN price action previously rose through it's rising channel from 159 to 319.
Currently, price action is at the bottom of this channel, making for a low risk buy zone (btw 159-180).
MTN ANALYSIS On a weekly chart the stock is on a clear bear market with the big gap as the supply zone.
Now is the good time to bargain for MTN Nigeria StockWith newly introduced stock into the Nigerian Stock Exchange, MTN is now looking for a support zone to hold its pullback price. A price below 132 will apparently not be a bad idea for the moment...
MTNN WEEKLY REVIEW.WEEKLY MTN ANALYSIS FOR THE FIRST 50 WEEKS :
1. WEEK ONE :
Sell pressure the stock fail the maintain the weekly high.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of MTNN is 194.0 NGN — it has increased by 8.99% in the past 24 hours. Watch MTN NIGERIA COMMUNICATIONS PLC stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSENG exchange MTN NIGERIA COMMUNICATIONS PLC stocks are traded under the ticker MTNN.
MTNN stock has risen by 10.86% compared to the previous week, the month change is a 12.79% rise, over the last year MTN NIGERIA COMMUNICATIONS PLC has showed a −22.40% decrease.
We've gathered analysts' opinions on MTN NIGERIA COMMUNICATIONS PLC future price: according to them, MTNN price has a max estimate of 300.46 NGN and a min estimate of 190.39 NGN. Watch MTNN chart and read a more detailed MTN NIGERIA COMMUNICATIONS PLC stock forecast: see what analysts think of MTN NIGERIA COMMUNICATIONS PLC and suggest that you do with its stocks.
MTNN reached its all-time high on Jan 31, 2024 with the price of 319.8 NGN, and its all-time low was 90.0 NGN and was reached on Mar 30, 2020. View more price dynamics on MTNN chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
MTNN stock is 8.25% volatile and has beta coefficient of 0.91. Track MTN NIGERIA COMMUNICATIONS PLC stock price on the chart and check out the list of the most volatile stocks — is MTN NIGERIA COMMUNICATIONS PLC there?
Today MTN NIGERIA COMMUNICATIONS PLC has the market capitalization of 4.07 T, it has increased by 1.71% over the last week.
Yes, you can track MTN NIGERIA COMMUNICATIONS PLC financials in yearly and quarterly reports right on TradingView.
MTN NIGERIA COMMUNICATIONS PLC is going to release the next earnings report on Feb 24, 2025. Keep track of upcoming events with our Earnings Calendar.
MTNN net income for the last quarter is 4.13 B NGN, while the quarter before that showed −127.40 B NGN of net income which accounts for 103.24% change. Track more MTN NIGERIA COMMUNICATIONS PLC financial stats to get the full picture.
As of Dec 25, 2024, the company has 1.82 K employees. See our rating of the largest employees — is MTN NIGERIA COMMUNICATIONS PLC on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MTN NIGERIA COMMUNICATIONS PLC EBITDA is 1.16 T NGN, and current EBITDA margin is 49.01%. See more stats in MTN NIGERIA COMMUNICATIONS PLC financial statements.
Like other stocks, MTNN shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MTN NIGERIA COMMUNICATIONS PLC stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MTN NIGERIA COMMUNICATIONS PLC technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MTN NIGERIA COMMUNICATIONS PLC stock shows the sell signal. See more of MTN NIGERIA COMMUNICATIONS PLC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.