MTN Nigeria Delivers 78% Return on Investment Year to Date
MTN Nigeria Plc has delivered a 78% return on investment from the beginning of the year to date (YTD), according to stock recommendation data released by Afrinvest Securities Limited.
The company’s impressive stock market performance was driven by post first quarter of 2025 earnings reaction in the stock market. Investors confidence heightened in anticipation of better earnings outlook.
The telecom company’s share price settled at N355.90 in the equities market on Friday, its latest 52-week high price, which was at a significant distance from its lowest price in the same period.
The telecom stock was priced at N169, its lowest valuation in 12 months, following pressures on earnings and damaged shareholders’ funds.
MTN Nigeria has seen strong price recovery since the tariff hike in Nigeria. Though shareholders’ funds remained negative, the telecom company has raised short-term debt to meet working capital needs.
Afrinvest Securities Limited advised investors to sell down the telecom stock on the back of an estimated 13% negative upside. MTN has surpassed Afrinvest’s 12-month target price of N309.21, suggesting the telecom company is now overvalued. CBN Defends Naira with $61 Million FX Sales to Banks
