MTN Nigeria Communications Plc traded at 820.00 this Friday May 15th, decreasing 15.00 or 1.80 percent since the previous trading session. Looking back, over the last four weeks, MTN Nigeria lost 8.61 percent. Over the last 12 months, its price rose by 194.96 percent. Looking ahead, we forecast MTN Nigeria Communications Plc to be priced at 783.40 by the end of this quarter and at 732.60 in one year, according to Trading Economics global macro models projections and analysts expectations.
MTN Nigeria Communications Plc is a Nigeria-based company, which is engaged in the business of building and operating Global System for Mobiles (GSM) Cellular Network Systems and other related services nationwide in Nigeria. The Company offers broadband fixed wireless access service, telecommunication services and mobile financial services respectively. The Company operates through three segments: Consumer Business Unit, Enterprise Business Unit and Wholesale Business Unit. The Consumer Business Unit segment consists of subscribers sitting on value propositions and tariff plans dedicated to three sub-segments: Youth, High Value and Mass segments. The Enterprise Business Unit segment provides its products and services to corporate and small-medium organizations to serve their everyday business needs. The Wholesale Business Unit segment serves customers who buy telecom products in bulk with the intention of re-selling these products (mobile or fixed) to their external clients.