Simonis Storm cuts MTC rating to ‘Hold’
Mobile Telecommunications Limited (MTC) remains a strong income-generating stock with a dominant position in the Namibian telecommunications market, but rising costs are beginning to weigh on profitability, according to stockbroking firm Simonis Storm Securities.
Staff Writer
Mobile Telecommunications Limited (MTC) remains a strong income-generating stock with a dominant position in the Namibian telecommunications market, but rising costs are beginning to weigh on profitability, according to stockbroking firm Simonis Storm Securities.
In its latest assessment of MTC, Simonis Storm downgraded the stock from “Buy” to “Hold” and lowered its target price to 1,035 cents, down from 1,073 cents.
The firm said MTC’s interim results for the six months ended March 2026 showed that while revenue growth remains healthy, the company is struggling to convert that growth into stronger earnings.