Manx Telecom (MANX) Receives Overweight Rating from Barclays

Manx Telecom (LON:MANX)‘s stock had its “overweight” rating reissued by stock analysts at Barclays in a research note issued to investors on Friday. They currently have a GBX 220 ($3.08) price target on the stock. Barclays’ price target would indicate a potential upside of 17.58% from the stock’s previous close.

MANX has been the topic of a number of other reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 250 ($3.51) price target on shares of Manx Telecom in a research note on Wednesday, January 3rd. Liberum Capital reaffirmed a “buy” rating and set a GBX 236 ($3.31) price target on shares of Manx Telecom in a research note on Friday, January 12th. Finally, Numis Securities initiated coverage on Manx Telecom in a research note on Tuesday, October 24th. They set an “add” rating and a GBX 220 ($3.08) price target on the stock.

Manx Telecom (LON MANX) opened at GBX 187.10 ($2.62) on Friday. Manx Telecom has a 52 week low of GBX 172 ($2.41) and a 52 week high of GBX 209 ($2.93). The firm has a market capitalization of $211.15 and a P/E ratio of 2,672.86.

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About Manx Telecom

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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