Peel Hunt Reiterates “Buy” Rating for Manx Telecom (MANX)
Manx Telecom (LON:MANX)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a report released on Friday. They currently have a GBX 250 ($3.39) price target on the stock. Peel Hunt’s price objective would indicate a potential upside of 30.89% from the stock’s current price.
Separately, Numis Securities began coverage on shares of Manx Telecom in a research report on Tuesday, October 24th. They issued an “add” rating and a GBX 220 ($2.98) price objective for the company.
Manx Telecom (MANX) traded down GBX 3 ($0.04) during mid-day trading on Friday, hitting GBX 191 ($2.59). 184,953 shares of the stock were exchanged, compared to its average volume of 51,848. Manx Telecom has a one year low of GBX 172 ($2.33) and a one year high of GBX 209 ($2.83). The company has a market capitalization of $217.47 and a price-to-earnings ratio of 2,728.57.
Manx Telecom plc is a United Kingdom-based communications solutions provider. The Company offers a range of fixed line, broadband, mobile and data center services to businesses, consumers and the public sector on the Isle of Man. The Company’s segments include Fixed line, broadband and data; Mobile; Global solutions; Data centre, and Other.
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