Alternative Networks Plc Stock Rating Lowered by Morgan Stanley (AN)
Alternative Networks Plc (LON:AN) was downgraded by equities researchers at Morgan Stanley to an “equal weight” rating in a research report issued on Friday. They currently have a GBX 1,026 ($17.21) price target on the stock, up from their previous price target of GBX 980 ($16.44). Morgan Stanley’s price objective points to a potential upside of 112.42% from the company’s current price.
Shares of Alternative Networks Plc (LON:AN) opened at 480.00 on Friday. Alternative Networks Plc has a one year low of GBX 322.00 and a one year high of GBX 600.00. The stock’s 50-day moving average is GBX 475.2 and its 200-day moving average is GBX 484.3.
AN has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “buy” rating on shares of Alternative Networks Plc in a research note on Tuesday, June 24th. They now have a GBX 640 ($10.74) price target on the stock. Finally, analysts at FinnCap reiterated a “corporate” rating on shares of Alternative Networks Plc in a research note on Wednesday, June 4th. They now have a GBX 605 ($10.15) price target on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 702.75 ($11.79).
Alternative Networks plc is a United Kingdom-based company is a provider of communications products and services.
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