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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