MTN Nigeria Communications Ltd (MTNN)

Currency in NGN
837.00
0.00(0.00%)
Closed·
High dividend Yield
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Fair Value
Day's Range
837.00837.00
52 wk Range
465.00915.00
Key Statistics
Bid/Ask
828.00 / 837.00
Prev. Close
837
Open
837
Day's Range
837-837
52 wk Range
465-915
Volume
1.2M
Average Volume (3m)
2.87M
1-Year Change
75.4717%
Fair Value
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Fair Value Upside
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MTNN Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
1,079.48
Upside
+28.97%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth
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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Neutral
Technical Indicators
Sell
Moving Averages
Strong Buy

Analyst Ratings

4 Buy
0 Hold
1 Sell
Ratings:
5 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 1,079.48
(+28.97% Upside)

MTN Nigeria Communications Ltd Earnings Call Summary for Q3/2026

  • MTN Nigeria Q3 service revenue rose 19.7% YoY; profit after tax jumped 55.3% to NGN 1.2T with EBITDA margin expanding to 58.7% from cost controls.
  • Free cash flow surged 57.5% to NGN 1.2T despite higher capex and NGN 860B in dividends; net debt turned positive at NGN 47.7B cash position.
  • Management maintained medium-term targets: low-20s% revenue growth, mid-to-high 50s% EBITDA margins, and high-teens capex intensity guidance.
  • CEO Toriola attributed Q2 weakness to temporary factors including airtime credit suspension and high base effects, with Q4 expected to benefit.
  • Company pursuing fintech separation pending regulatory approval while expanding fiber broadband and migrating wallet users to Alipay+ platform.
Last Updated: 11/02/2026, 11:16 PM
Read Full Transcript

Earnings

Latest Release
Oct 29, 2026
EPS / Forecast
21.13 / --
Revenue / Forecast
1.62T / --
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 72.86
Dividend Yield
5.50%
Industry Median 2.21%
Annualized payout
46.00
Paid unevenly
5-Years Growth
+31.44%
Growth Streak

MTNN Income Statement

Compare MTNN to Peers and Sector

Metrics to compare
MTNN
Peers
Sector
Relationship
P/E Ratio
11.4x9.2x4.9x
PEG Ratio
0.150.080.01
Price/Book
20.6x2.0x1.8x
Price / LTM Sales
2.9x1.3x1.2x
Upside (Analyst Target)
29.0%8.9%31.3%
Fair Value Upside
Unlock13.8%19.4%Unlock

MTN Nigeria Communications PLC provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria. It offers mobile telecommunications services, such as network, value added, and digital services. The company’s network services include voice, data, and short message services; value added services comprise airtime lending, mobile money, subscriber identification module back up, and voice-based services; and digital services consist of unstructured supplementary service data, interactive voice response, rich media, insurance, and e-commerce services. In addition, the company sells mobile devices and accessories, as well as provides digital, interconnect, and roaming services. The company was incorporated in 2000 and is based in Lagos, Nigeria. MTN Nigeria Communications PLC operates as a subsidiary of Mtn International (Mauritius) Limited.

Employees
2001
Market
Nigeria

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
29.85M0.14%24.98B
Other Institutional Investors
15.41B73.52%12.90T
Public Companies & Retail Investors
5.52B26.33%4.62T
Total
20.96B100.00%17.54T

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
MTN Group Limited73.52%15,408,641,56012,897,032,986
Mazi Asset Management (Pty) Ltd0.06%13,613,98811,394,908

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FAQ

What Is the MTN Nigeria (MTNN) Stock Price Today?

The MTN Nigeria stock price today is 837.00 NGN.

What Stock Exchange Does MTN Nigeria Trade On?

MTN Nigeria is listed and trades on the Lagos.

What Is the Stock Symbol for MTN Nigeria?

The stock symbol for MTN Nigeria is "MTNN."

Does MTN Nigeria Pay Dividends? What’s The Current Dividend Yield?

The MTN Nigeria dividend yield is 5.5%%.

What Is the MTN Nigeria Market Cap?

As of today, MTN Nigeria market cap is 17.54T NGN.

What Is MTN Nigeria's Earnings Per Share (TTM)?

The MTN Nigeria EPS (TTM) is 72.86.

From a Technical Analysis Perspective, Is MTNN a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.

How Many Times Has MTN Nigeria Stock Split?

MTN Nigeria has split 0 times.

How Many Employees Does MTN Nigeria Have?

MTN Nigeria has 2001 employees.

What is the current trading status of MTN Nigeria (MTNN)?

As of Nov 11, 2026, MTN Nigeria (MTNN) is trading at a price of 837.00 NGN, with a previous close of 837.00 NGN. The stock has fluctuated within a day range of 837.00 NGN to 837.00 NGN, while its 52-week range spans from 465.00 NGN to 915.00 NGN.

What Is MTN Nigeria (MTNN) Price Target According to Analysts?

The average 12-month price target for MTN Nigeria is 1,079.48 NGN, with a high estimate of 1527.61 NGN and a low estimate of 786.82 NGN. 4 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Buy. The stock has an +28.97% Upside potential.
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