MTN Nigeria Communications PLC (NGX:MTNN)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
830.00
0.00 (0.00%)
At close: Jun 26, 2026

NGX:MTNN Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, NGX:MTNN stock has a consensus rating of "Buy" and an average price target of ₦965.47. The average 1-year stock price forecast is 16.32% higher than the current stock price, while the lowest is ₦742.25 (-10.57%) and the highest is ₦1,048 (+26.25%).

Price Target: ₦965.47 (+16.32%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
Price₦742.25₦965.47₦1,016₦1,048
Change-10.57%+16.32%+22.35%+26.25%

Analyst Ratings

The average analyst rating for NGX:MTNN stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

RatingDec '25Feb '26Mar '26Apr '26May '26Jun '26
Strong Buy443333
Buy111110
Hold111111
Sell000000
Strong Sell100000
Total765554

Financial Forecast

Revenue This Year
6.44T
from 5.20T
Increased by 23.76%
Revenue Next Year
7.82T
from 6.44T
Increased by 21.39%
EPS This Year
70.99
from 50.24
Increased by 41.29%
EPS Next Year
88.16
from 70.99
Increased by 24.19%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
1.65T2.01T2.47T3.36T5.20T6.44T
Revenue Growth
22.87%21.64%22.69%36.13%54.86%23.76%
Operating Income
585.09B746.96B781.43B767.57B2.08T2.66T
Net Income
298.65B351.38B-133.84B-399.45B1.11T1.61T
EPS
----50.2470.99
EPS Growth
----326.02%41.29%
Forward PE
11.1210.2821.18-7.9311.69
Dividend / Share
13.1215.605.60-20.0056.93
Dividend Growth
-18.90%-64.10%--184.64%
Free Cash Flow
158.56B309.23B153.81B817.73B1.27T1.53T
No. Analysts
-----5
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is NGN.

Revenue Forecast

Revenue202620272028
High6.7T
Avg6.4T
Low6.0T

Revenue Growth

Revenue Growth202620272028
High
28.0%
Avg
23.8%
Low
16.0%

EPS Forecast

EPS202620272028
High70.99
Avg70.99
Low70.99

EPS Growth

EPS Growth202620272028
High
41.3%
Avg
41.3%
Low
41.3%