Manx Telecom’s (MANX) “Buy” Rating Reaffirmed at Peel Hunt

Manx Telecom (LON:MANX)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a research report issued on Friday.

Other equities analysts have also recently issued research reports about the company. Liberum Capital restated a “buy” rating on shares of Manx Telecom in a report on Wednesday, September 12th. Numis Securities decreased their price target on Manx Telecom from GBX 200 ($2.61) to GBX 170 ($2.22) and set a “hold” rating for the company in a report on Thursday, September 13th. Finally, Barclays decreased their price target on Manx Telecom from GBX 215 ($2.81) to GBX 200 ($2.61) and set an “overweight” rating for the company in a report on Monday, September 17th.

MANX opened at GBX 156 ($2.04) on Friday. Manx Telecom has a 1 year low of GBX 172 ($2.25) and a 1 year high of GBX 209 ($2.73).

In other Manx Telecom news, insider Gary Lamb sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of GBX 183 ($2.39), for a total value of £54,900 ($71,736.57).

About Manx Telecom

Manx Telecom plc provides a range of telecommunications services to consumers, businesses, and public sector in the Isle of Man and internationally. It operates through five segments: Fixed Line, Broadband and Data; Mobile; Global Solutions; Data Centre; and Other. The Fixed Line, Broadband and Data segment offers fixed line, broadband, and connectivity services to approximately 37,000 homes and 4,000 businesses.

Featured Article: Stock Symbols Definition, Examples, Lookup

Receive News & Ratings for Manx Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manx Telecom and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply