Manx Telecom (MANX) Given “Buy” Rating at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Manx Telecom (LON:MANX) in a research report sent to investors on Monday, November 12th.

Several other equities research analysts have also commented on the stock. Barclays cut their price target on shares of 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. Numis Securities cut their price target on shares of 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, Liberum Capital reissued a buy rating on shares of Manx Telecom in a report on Wednesday, September 12th.

Shares of MANX traded up GBX 1 ($0.01) during trading hours on Monday, hitting GBX 153.50 ($2.01). The stock had a trading volume of 132,753 shares, compared to its average volume of 87,925. Manx Telecom has a fifty-two week low of GBX 172 ($2.25) and a fifty-two week high of GBX 209 ($2.73).

In other Manx Telecom news, insider Gary Lamb sold 80,000 shares of the company’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of GBX 185 ($2.42), for a total value of £148,000 ($193,388.21).

Manx Telecom Company Profile

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.

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