Manitoba Telecom Services Upgraded to “Sector Perform” by National Bank Financial (MBT)
Manitoba Telecom Services (TSE:MBT) was upgraded by research analysts at National Bank Financial from an “underperform” rating to a “sector perform” rating in a report released on Tuesday, AnalystRatings.Net reports.
Manitoba Telecom Services (TSE:MBT) traded down 8.47% during mid-day trading on Tuesday, hitting $29.62. The stock had a trading volume of 2,958,177 shares. Manitoba Telecom Services has a one year low of $31.21 and a one year high of $36.60. The stock has a 50-day moving average of $33.56 and a 200-day moving average of $33.60. The company has a market cap of $2.007 billion and a P/E ratio of 30.53.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital downgraded shares of Manitoba Telecom Services from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday. They now have a C$31.00 price target on the stock, down previously from C$37.00. Separately, analysts at Canaccord Genuity downgraded shares of Manitoba Telecom Services from a “hold” rating to a “sell” rating in a research note to investors on Tuesday. They now have a C$30.00 price target on the stock, down previously from C$34.00. Finally, analysts at TD Securities cut their price target on shares of Manitoba Telecom Services from C$39.00 to C$37.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$32.75.
Manitoba Telecom Services Inc (TSE:MBT) is a communications provider.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.