Research analysts at Canaccord Genuity dropped their price target on shares of Manitoba Telecom Services (TSE:MBT) from C$30.00 to C$29.00 in a report released on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 0.52% from the company’s current price.
A number of other firms have also recently commented on MBT. Analysts at Barclays upgraded shares of Manitoba Telecom Services from an “underweight” rating to an “equal weight” rating in a research note to investors on Wednesday, November 20th. Separately, analysts at RBC Capital cut their price target on shares of Manitoba Telecom Services from C$31.00 to C$30.00 in a research note to investors on Friday, November 8th. They now have a “sector perform” rating on the stock. Finally, analysts at TD Securities cut their price target on shares of Manitoba Telecom Services from C$37.00 to C$35.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$32.29.
Manitoba Telecom Services (TSE:MBT) traded down 0.14% during mid-day trading on Friday, hitting $28.81. 305,980 shares of the company’s stock traded hands. Manitoba Telecom Services has a 52-week low of $28.18 and a 52-week high of $36.60. The stock’s 50-day moving average is $29.09 and its 200-day moving average is $32.64. The company has a market cap of $1.958 billion and a price-to-earnings ratio of 58.88.
The company also recently declared a dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Monday, December 16th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Thursday, December 12th.
Manitoba Telecom Services Inc (TSE:MBT) is a communications provider.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.