Manx Telecom (LON:MANX) PT Lowered to GBX 190

Manx Telecom (LON:MANX) had its price target reduced by equities research analysts at Barclays from GBX 200 ($2.61) to GBX 190 ($2.48) in a research report issued on Monday, February 4th. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 3.26% from the company’s current price.

Other research analysts also recently issued research reports about the company. Peel Hunt reissued a “buy” rating on shares of Manx Telecom in a report on Friday, November 2nd. Liberum Capital reissued a “buy” rating on shares of Manx Telecom in a research report on Thursday, December 13th.

MANX traded up GBX 2 ($0.03) during midday trading on Monday, hitting GBX 184 ($2.40). The stock had a trading volume of 48,484 shares, compared to its average volume of 87,925. Manx Telecom has a 1 year low of GBX 172 ($2.25) and a 1 year high of GBX 209 ($2.73).

About Manx Telecom

Manx Telecom plc provides a range of telecommunications services to consumers, businesses, and the 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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