Manitoba Telecom Services Receives Consensus Rating of “Hold” from Analysts (TSE:MBT)
Manitoba Telecom Services (TSE:MBT) has been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the stock, Analyst Ratings News reports. Eight research analysts have rated the stock with a hold rating, The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$31.43.
A number of analysts have recently weighed in on MBT shares. Analysts at RBC Capital downgraded shares of Manitoba Telecom Services from an “outperform” rating to a “sector perform” rating in a research note on Friday. They now have a C$31.00 price target on the stock, down previously from C$32.00. Separately, 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. Finally, 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.
Manitoba Telecom Services (TSE:MBT) opened at 30.54 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 $31.22 and a 200-day moving average of $30.75. The company’s market cap is $2.365 billion.
Manitoba Telecom Services (TSE:MBT) last announced its earnings results on Friday, August 1st. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.05. On average, analysts predict that Manitoba Telecom Services will post $1.74 earnings per share for the current fiscal year.
Manitoba Telecom Services Inc (TSE:MBT) is a communications provider.
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