Manitoba Telecom Services (MBT) Posts Quarterly Results
Manitoba Telecom Services (TSE:MBT) released its earnings data on Friday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.05, American Banking News.com reports.
Manitoba Telecom Services (TSE:MBT) opened at 31.38 on Friday. Manitoba Telecom Services has a one year low of $28.18 and a one year high of $34.45. The stock has a 50-day moving average of $31.25 and a 200-day moving average of $30.74. The company’s market cap is $2.430 billion.
A number of research firms have recently commented on MBT. Analysts at TD Securities downgraded shares of Manitoba Telecom Services from a “buy” rating to a “hold” rating in a research note on Thursday, June 5th. They now have a C$34.00 price target on the stock. On a related note, analysts at National Bank Financial raised their price target on shares of Manitoba Telecom Services from C$30.50 to C$31.50 in a research note on Wednesday, May 14th. They now have a “sector perform” rating on the stock. Finally, analysts at NBF raised their price target on shares of Manitoba Telecom Services from C$30.50 to C$31.50 in a research note on Wednesday, May 14th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$31.57.
Manitoba Telecom Services Inc (TSE:MBT) is a communications provider.
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