What’s Manitoba Telecom Services Inc Downside After Today’s Huge Decline?


 What's Manitoba Telecom Services Inc Downside After Today's Huge Decline?

The stock of Manitoba Telecom Services Inc (TSE:MBT) is a huge mover today! About 98,831 shares traded hands. Manitoba Telecom Services Inc (TSE:MBT) has risen 12.66% since March 11, 2016 and is uptrending. It has outperformed by 7.17% the S&P500.
The move comes after 6 months negative chart setup for the $2.78B company. It was reported on Oct, 18 by Barchart.com. We have $34.92 PT which if reached, will make TSE:MBT worth $166.80M less.

Manitoba Telecom Services Inc (TSE:MBT) Ratings Coverage

Out of 7 analysts covering Manitoba Telecom Services (TSE:MBT), 3 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 43% are positive. $40 is the highest target while $26 is the lowest. The $31.25 average target is -15.88% below today’s ($37.15) stock price. Manitoba Telecom Services has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Manitoba Telecom Services Inc (TSE:MBT) has “Outperform” rating given on Thursday, November 5 by National Bank Canada. The firm has “Outperform” rating by National Bank Canada given on Thursday, November 26. The firm earned “Sell” rating on Tuesday, August 4 by Canaccord Genuity.

More notable recent Manitoba Telecom Services Inc (TSE:MBT) news were published by: Finance.Yahoo.com which released: “Conference Call and Webcast Notice – Manitoba Telecom Services Inc. to Hold …” on September 15, 2016, also Theglobeandmail.com with their article: “The Globe and Mail” published on December 10, 2010, Streetinsider.com published: “BCE, Inc. (BCE) to Acquire Manitoba Telecom Services in ~C$3.9B Deal” on May 02, 2016. More interesting news about Manitoba Telecom Services Inc (TSE:MBT) were released by: Business.Financialpost.com and their article: “Is Manitoba Telecom Services Inc a takeover target?” published on December 14, 2015 as well as Business.Financialpost.com‘s news article titled: “Why BCE Inc should buy Manitoba Telecom Services Inc” with publication date: September 02, 2015.

Manitoba Telecom Services Inc. is an information and communications technology provider. The company has a market cap of $2.78 billion. The Firm provides an array of business solutions, including information solutions and business telecommunications services. It has a 60.81 P/E ratio. These solutions include wireless, Internet Protocol (IP) networking, phone services, security services, technology infrastructure, application development, managed services, networking services and unified cloud services provided by MTS, MTS Data Centres, AAA Security (AAA), EPIC Information Solutions (EPIC) and The Technology Consortium (TTC).

MBT Company Profile

Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, incorporated on August 22, 2002, is a well-known provider of telecommunications services. The Firm provides mobile and fixed line voice and data telecommunications services, including data transfer, broadband, pay-television (pay-TV) and various value-added services, as well as selling equipment and accessories. The Firm operates through divisions, which include Russia convergent, Moscow fixed line and Ukraine. The Company’s Russia Convergent segment includes mobile and fixed line operations, which encompasses services rendered to clients across regions of Russia, including voice and data services, transmission, broadband, pay-TV and other value-added services. The Company’s Moscow fixed line segment includes fixed line activities carried out in Moscow by the Company’s subsidiary MGTS. MGTS holds licenses and regulatory approvals to provide local telephony, interconnect to other operators, Internet, and data transmission and other services. The Company’s Ukraine segment includes mobile and fixed line activities carried out across multiple regions of Ukraine.

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