MTN Gr (OTC:MTNOY) Stock, Quote.Headers.trade-ideas

MTN Gr

MTN Group Ltd is a mobile telecommunications provider operating across South Africa, Nigeria, Ghana, Cameroon, Ivory Coast, Uganda, Syria, and Sudan. most of the company's revenue is earned in South Africa and Nigeria. The company also has a joint venture in Iran. From a product perspective, most of its revenue is from voice and data. Other contributors include SMS and sale of devices revenue. MTN also provides enterprise services to small/midsize enterprises and corporate clients. The company owns the mobile infrastructure and data centers. Its segments include Network services, Mobile devices, Inter- connect and roaming, Digital and fintech and others.

Fintech news covering the emerging Financial Technology services sector

Fintech

News

Asset Sales

Tech

Media

MTNOY

MTN Hires JPMorgan To Advise On Fintech Arm Spin-off

Penny Stocks

Global

NFLX

ORAN

TCEHY

VIVHY

Universal Music Group Inc is planning to expand its foothold in the African continent, Bloomberg reports.

Universal Music Plans Africa Push In Streaming Business: Bloomberg

Intraday Update

Markets

Movers

Trading Ideas

AAEEF

AAVMY

ABEV

ABGSF

ABMD

ABTX

ACCFF

ACCYY

ACHV

ACNB

ACRFF

ACRGF

ACSAY

ACST

ACTG

ADMA

ADTN

ADVZF

AERI

AFLYY

AGCO

AGEEF

AGESY

AGLXY

AHFD

AHKSY

AHOTF

AICAF

AINV

AIPUY

AIRG

AIRYY

AISSF

AKO-A

AKZOY

ALDX

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

ALEAF

ALEX

Allianz Ag Muenchen Namen-Akt Vinkuliert Shares

ALIZF

ALLY

ALOT

ALSN

ALTM

ALXEF

ALXN

AMCR

AMHPF

AMKBF

AMKBY

AMNB

AMPH

AMRN

AMSLF

ANAT

ANGO

ANIP

Australia and New Zealand Banking Group Limited

ANZBY

ANZFF

APELY

APEX

APHA

APTS

ARCB

ARCC

ARGGY

ARGO

ARLP

ARNA

ARNGF

AROC

ARREF

ARRRF

Stocks That Hit 52-Week Lows On Friday

MTN Group Ltd

The telecom industry is driven by expanding mobile subscriber bases, growing demand for high-speed data connectivity, and a shift toward advanced technologies. Thus, fundamentally solid telecom stocks Koninklijke (KKPNY), SK Telecom (SKM), MTN Group (MTNOY), VEON (VEON), and Telefónica (TEF) might be solid buys. Read more... In today's rapidly evolving technological landscape, the telecommunications sector stands at the forefront of innovation, driving connectivity across various industries. Hence, investors could consider quality telecom stocks Koninklijke KPN N.V. (<a href="https://stocknews.com/stock/KKPNY/">KKPNY</a>), SK Telecom Co., Ltd. (<a href="https://stocknews.com/stock/SKM/">SKM</a>), MTN Group Limited (<a href="https://stocknews.com/stock/MTNOY/">MTNOY</a>), VEON Ltd. (<a href="https://stocknews.com/stock/VEON/">VEON</a>), and Telefónica, S.A. (<a href="https://stocknews.com/stock/TEF/">TEF</a>).
The telecom sector plays a crucial role in establishing and sustaining the infrastructure for seamless communication in various sectors like education, healthcare, and IT. The rising need for high-speed connectivity to facilitate data transfer and meet public and personal needs is fueling demand in the telecom services market.
Considering the high-speed internet demand, widespread 5G adoption, increased smartphone usage, and expanding digitalization across industries, the global telecom market is forecasted to achieve a <a href="https://www.skyquestt.com/report/telecommunication-market">6.2% CAGR until 2030</a>.
Additionally, AI in telecom is driven by the adoption of 5G technologies, increasing demand for efficient network management solutions, and the rise of AI-embedded smartphones. Telecom companies prioritize network maintenance to uphold reliability and avoid financial losses, with AI playing a crucial role in identifying and resolving issues, reducing downtime, and enabling swift maintenance through context-aware technologies and IoT processes.
The global AI in telecommunication market is projected to grow to $14.50 billion by 2033, expanding at a notable <a href="https://www.futuremarketinsights.com/reports/ai-in-telecommunication-market">CAGR of 28.5%</a>.
With these conducive trends in mind, let's take a look at the fundamentals of the five top <a href="https://stocknews.com/category/telecom-foreign/">Telecom – Foreign</a>  stocks, starting with number 5.
Stock #5: Koninklijke KPN N.V. (<a href="https://stocknews.com/stock/KKPNY/">KKPNY</a>) 
Based in the Netherlands, KKPNY provides telecommunications and information technology (IT) services. It operates through Consumer; Business; Wholesale; and Network, Operations &amp; IT segments.
In the fiscal fourth quarter that ended December 31, 2023, KKPNY's adjusted revenues rose 4.3% year-over-year to EUR1.42 billion ($1.53 billion). Its <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> and net profit grew 11% and 8.4% from the prior-year value to EUR323 million ($348.09 million) and EUR206 million ($222 million). The company's free cash flow improved 77% year-over-year to EUR334 million ($359.95 million).
Analysts expect KKPNY's revenue to rise 2% year-over-year to $1.50 billion in the fiscal first quarter ending March 2024.
Shares of KKPNY have soared 3.4% over the past three months, closing the last trading session at $3.54.
KKPNY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It has a B grade for Stability and Quality. It is ranked #21 among 44 stocks in the A-rated <a href="https://stocknews.com/category/telecom-foreign/">Telecom – Foreign</a> industry.
Click <a href="https://stocknews.com/stock/KKPNY/">here</a> to access KKPNY's additional Growth, Value, Momentum, and Sentiment ratings.
Stock #4: SK Telecom Co., Ltd. (<a href="https://stocknews.com/stock/SKM/">SKM</a>) 
Headquartered in Seoul, South Korea, SKM provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services; Fixed-Line Telecommunications Services; and Other Businesses.
During the fiscal year 2023, SKM's revenue increased 1.8% year-over-year to KRW17.61 trillion ($13.19 billion). Its operating income rose 8.8% year-over-year to KRW1.75 billion ($1.31 million). Also, its net income rose 20.9% year-over-year to KRW1.15 billion ($86 thousand).
For the fiscal year 2024, SKM's revenue is expected to increase 44.5% year-over-year to $13.61 billion. Its EPS for the same year is expected to increase 5.5% year-over-year to $2.20.
Over the past year, the stock has gained 12.3% to close the last trading session at $21.69.
SKM's rosy prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has a B grade for Value and Stability. It is ranked #20 in the same industry.
Beyond what we stated above, we also have given SKM grades for Growth, Momentum, and Quality. Get all SKM ratings <a href="https://stocknews.com/stock/SKM/">here</a>.
Stock #3: MTN Group Limited (<a href="https://stocknews.com/stock/MTNOY/">MTNOY</a>) 
Based in Johannesburg, South Africa, MTNOY is a company operating in the telecommunications industry. It offers data, voice and SMS, digital and fintech, wholesale, interconnect and roaming services, and mobile devices.
In the nine months ended September 30, 2023, MTNOY's group service revenue increased 9% year-over-year to R156.31 billion ($8.25 billion). Its group EBITDA rose 2.8% year-over-year to R70.31 billion ($3.71 billion), and its group EBITDA margin came in at 42.8%.
Street expects MTNOY's revenue to rise marginally year-over-year to $11.39 billion in the fiscal year 2023.
The stock declined 1.4% intraday to close the last trading session at $4.88.
It's no surprise that MTNOY has an overall rating of B, equating to a Buy in our proprietary rating system.
It also has an A grade for Value and a B for Stability and Quality. It is ranked #18 in the same industry.
In addition to the POWR Rating grades we've stated above, one can see MTNOY ratings for Growth, Momentum, and Sentiment <a href="https://stocknews.com/stock/MTNOY/">here</a>.
Stock #2: VEON Ltd. (<a href="https://stocknews.com/stock/VEON/">VEON</a>)
Headquartered in Amsterdam, the Netherlands, VEON is a communications and technology company that provides mobile and fixed-line telecommunications services through a range of traditional and broadband mobile and fixed-line technologies.
VEON's total revenue rose 6.1% year-over-year to $945 million for the fiscal third quarter that ended on September 30, 2023. Its EBITDA increased 17% from the year-ago quarter to $444 million. Its total customers for the quarter amounted to 157.90 million.
VEON's EPS and revenue are expected to rise 98% and 5% year-over-year to $6.75 and $3.82 billion in the fiscal year 2024.
VEON's shares have gained 44.1% over the past six months to close the last trading session at $23.90.
VEON's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
It has a B grade for Value, Sentiment, and Quality. In the same industry, it is ranked #17.
Click <a href="https://stocknews.com/stock/VEON/">here</a> to see the other ratings of VEON for Growth, Momentum, Stability, and.
Stock #1: Telefónica, S.A. (<a href="https://stocknews.com/stock/TEF/">TEF</a>) 
Headquartered in Madrid, Spain, TEF provides telecommunications services in Europe and Latin America.
With a four-year average dividend yield of 9.06%, the company pays an annual dividend of $0.33, which yields 8.19% on the prevailing price level.
During the nine months that ended September 30, 2023, TEF's revenue rose 2.4% year-over-year to EUR30.50 billion ($32.87 billion). Its underlying OIBDA increased 1.3% from the prior-year period to EUR9.65 billion ($10.40 billion).
Its profit for the period stood at EUR1.48 billion ($1.59 billion), and EPS attributable to equity holders of the parent came in at EUR0.19.
The company's revenue is expected to rise 3.6% year-over-year to $11.20 billion in the fiscal quarter ended December 2023. Also, the company has surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
The stock has declined 3.5% over the past three months to close the last trading session at $3.86.
TEF's POWR Ratings reflect this robust outlook. The stock has an overall grade of B, translating to Buy in our proprietary rating system.
TEF has a grade of B for Growth, Value, Sentiment, and Stability. Among the 44 stocks in the same industry, it is ranked #16.
To access the additional POWR Ratings for Momentum and Quality for TEF, click <a href="https://stocknews.com/stock/TEF/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
TEF shares were trading at $3.96 per share on Tuesday afternoon, up $0.10 (+2.59%). Year-to-date, TEF has gained 1.54%, versus a 4.13% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/tef-kkpny-mtnoy-skm-veon-top-5-telecom-stocks-for-investors/>Top 5 Telecom Stocks for Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 5 Telecom Stocks for Investors

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Stocks leaving analysts speechless are companies that most of those on Wall Street rate as strong buy.&nbsp;While there isn&rsquo;t an S&amp;P 500 company that gets all strong buys across the board, according to S&amp;P Global Market Intelligence, a number of them have nearly perfect consensus among analysts&rsquo; opinions.&nbsp;



Of the index&rsquo;s members, only seven have a majority of buy ratings, <a href="https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/what-will-the-magnificent-seven-do-with-their-piles-of-cash-not-m-a-80315873#:~:text=The%20Magnificent%20Seven%20is%20a,stocks%20that%20soared%20in%202023.">according to S&amp;P Global Market Intelligence</a>.&nbsp;Broadening the search to include all the stocks from the S&amp;P Composite 1500, the number rises to 17, or 12 if you exclude the Magnificent 7. To make the cut, a stock must get a buy rating from 75% of the analysts covering it. Only quality needs apply.&nbsp;



Here are three stocks leaving analysts speechless.&nbsp;



<h2>Uber Technologies (UBER)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/uber1600-300x169.jpg" alt="The Uber logo is displayed on a smartphone on top of a map background."><div>Source: Proxima Studio / Shutterstock.com</div></div>Uber Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/uber-stock-quote/">UBER</a>) has a buy rating from 90.2% of the <a href="https://www.marketwatch.com/investing/stock/uber/analystestimates">51 analysts</a> covering its stock. Its target price is $90, 12.5% higher than where it&rsquo;s currently trading.&nbsp;



If you made a bet on the ride hailing business a year ago, you&rsquo;ve more than doubled your money, as it&rsquo;s up nearly 162%.&nbsp;



Of course, Uber is much more than ride hailing. It also has Uber Eats and a freight business. The three segments: Mobility, Delivery and Freight generated $19.93 billion, $12.20 billion and $5.25 billion in revenue, respectively, in 2023. In total, its total value of transactions was <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001543151/6fabd79a-baa9-4b08-84fe-deab4ef8415f.pdf">$37.38 billion</a>, an <a href="https://www.wsj.com/business/earnings/uber-q4-earnings-report-2023-4e0d59f6">increase of 15%</a> from 2022.



The only downside to its performance in 2023 was the <a href="https://investor.uber.com/news-events/news/press-release-details/2024/Uber-Announces-Results-for-Fourth-Quarter-and-Full-Year-2023/default.aspx">17% decline</a> in freight revenue due to a challenging freight market. As a result of the steep drop, the segment lost money on an EBITDA basis in the past year.&nbsp;



In terms of profitability, Uber&rsquo;s business overall got much stronger in 2023, with <a href="https://investor.uber.com/news-events/news/press-release-details/2024/Uber-Announces-Results-for-Fourth-Quarter-and-Full-Year-2023/default.aspx#:~:text=Adjusted%20EBITDA%20of%20%241.3%20billion,from%202.2%25%20in%20Q4%202022.">EBITDA</a> being up $618 million YoY. Adjusted EBITDA margin as a percentage of Gross Bookings was 3.4%, up from 2.2% in Q4 2022.



Roth Capital Partners analyst Rohit Kolkarni likes the company&rsquo;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37159987/uber-aims-to-gain-speed-struck-right-tone-7-analysts-provide-investor-day-takeaways">$7 billion</a> share repurchase program.&nbsp;




&ldquo;Uber&rsquo;s buyback authorization announcement was &lsquo;surprisingly large,&rsquo; Kulkarni said. &lsquo;We see this as a sign of confidence in the company&rsquo;s ability to predict profitable growth, generate significant cash flows, and control incremental dilution,&rsquo;&rdquo; CNBC reported in February.&nbsp;




<h2>Mastercard (MA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/MA1600-300x169.jpg" alt="A close-up shot of Mastercard credit or debit cards."><div>Source: Alexander Yakimov / Shutterstock.com</div></div>Mastercard (NYSE:<a href="https://investorplace.com/stock-quotes/ma-stock-quote/">MA</a>) has a buy rating from 87.5% of the <a href="https://www.marketwatch.com/investing/stock/ma/analystestimates">40 analysts</a> covering its stock. Its target price is $510, 6% higher than where it&rsquo;s currently trading.&nbsp;



Except for several corrections over the past five years, its 105% gain has been relatively pain-free for its long-time shareholders. It also managed to outperform its Visa (NYSE:<a href="https://investorplace.com/stock-quotes/v-stock-quote/">V</a>), its biggest rival, by 24 percentage points.&nbsp;



In February, Mastercard announced a partnership with MTN Group&rsquo;s (OTCMKTS:<a href="https://investorplace.com/stock-quotes/mtnoy-stock-quote/">MTNOY</a>) fintech business to create a mobile money ecosystem across 13 markets in Africa.&nbsp;




&ldquo;The partnership will use Mastercard&rsquo;s cutting-edge technology and capabilities to support MTN&rsquo;s ambition to become Africa&rsquo;s largest fintech platform for both merchants and consumers. This follows Mastercard and MTN&rsquo;s recent agreement for a minority investment into MTN Group Fintech &ndash; the digital financial services arm of Africa&rsquo;s largest mobile network operator &ndash; that concluded this month,&rdquo; stated its Feb. 29 <a href="https://www.mtn.com/mastercard-and-mtn-group-fintech-partner-to-drive-acceleration-of-mobile-money-ecosystem-in-africa-across-13-markets/">press release</a>.&nbsp;




With more than 1.3 billion people in Africa and only <a href="https://www.weforum.org/agenda/2023/11/africa-digital-mobile-banking-financial-inclusion/#:~:text=Today%2C%2048%25%20of%20Africa's%20population,Digital%20Banking%20Transformation%20Report%202023.">approximately 48%</a> with bank accounts, there is an opportunity for MTN Group, as one of the continent&rsquo;s largest wireless carriers, to leverage their customer loyalty with Mastercard&rsquo;s payment technology. This should do wonders for payments on the continent.&nbsp;



<h2>Advanced Micro Devices (AMD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/amd_stock1600-2-300x169.png" alt="Sign of AMD office in Markham, Ontario, Canada. Advanced Micro Devices, Inc. is an American multinational semiconductor company."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>) has a buy rating from 78.0% of the <a href="https://www.marketwatch.com/investing/stock/amd/analystestimates">50 analysts</a> covering its stock. Its target price is $195, 8.3% higher than where it&rsquo;s currently trading.&nbsp;&nbsp;



If AMD didn&rsquo;t compete with Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>), its performance in 2024 would be considered a big success, up more than 30% on the year. However, thanks to Nvidia&rsquo;s grip on AI, its shares have gained almost three times as much in the first three months of the year. The same is true over the past 12 months, with Nvidia gaining nearly 259%.&nbsp;



AMD CEO Lisa Su knows that her company can&rsquo;t worry about what Nvidia&rsquo;s doing. She&rsquo;s got to keep investing in innovation, with the understanding that eventually investors will see that it too has an AI toolkit to provide enterprise customers.&nbsp;



Bloomberg reported in February about Su becoming a billionaire with a net worth of <a href="https://www.bloomberg.com/news/articles/2024-02-14/nvidia-founder-s-cousin-turning-billionaire-shows-ai-wealth-boom">$1.2 billion</a>. Her distant cousin Jensen Huang, Nvidia&rsquo;s CEO and co-founder, is now <a href="https://www.bloomberg.com/billionaires/">20th</a> on the Bloomberg Billionaires Index, a list of the world&rsquo;s 500 wealthiest people, at $79.7 billion, up $35.6 billion in 2024 alone. This was the second-biggest jump behind Mark Zuckerberg of Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>).



If you&rsquo;re going to be second best, being second-best to Nvidia isn&rsquo;t a terrible position to be in.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;



On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.
<div>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT793992">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/02/wall-street-legend-issues-urgent-ai-code-red/?cid=MKT781156&amp;eid=MKT793990">&ldquo;America&rsquo;s Top Trader&rdquo; Issues A.I. Code Red: Act Now or Miss Out</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793999">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/03/3-stocks-that-are-leaving-analysts-speechless/">3 Stocks That Are Leaving Analysts Speechless</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

MTN Gr

MTN Gr (MTNOY) Forecast

MTN Gr (OTC:MTNOY) Stock, Quote.Headers.trade-ideas