The stock of Manitoba Telecom Services Inc (TSE:MBT) is a huge mover today! About 20,652 shares traded hands. Manitoba Telecom Services Inc (TSE:MBT) has risen 15.19% since April 1, 2016 and is uptrending. It has outperformed by 13.23% the S&P500.
The move comes after 7 months negative chart setup for the $2.76B company. It was reported on Nov, 7 by Barchart.com. We have $35.37 PT which if reached, will make TSE:MBT worth $138.00M 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 -16.06% below today’s ($37.23) stock price. Manitoba Telecom Services has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Tuesday, August 4 by Canaccord Genuity. The stock of Manitoba Telecom Services Inc (TSE:MBT) earned “Outperform” rating by National Bank Canada on Thursday, November 5. The firm has “Outperform” rating by National Bank Canada given on Thursday, November 26.
More notable recent Manitoba Telecom Services Inc (TSE:MBT) news were published by: Business.Financialpost.com which released: “Why BCE Inc should buy Manitoba Telecom Services Inc” on September 02, 2015, also Cbc.ca with their article: “Court approves BCE friendly takeover of Manitoba Telecom Services” published on June 29, 2016, Cbc.ca published: “Manitoba Telecom Services sells Allstream business for $465M” on November 23, 2015. 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: “Manitoba Telecom Services Inc upgraded as Allstream sale looks more likely” with publication date: May 12, 2015.
Manitoba Telecom Services Inc. is an information and communications technology provider. The company has a market cap of $2.76 billion. The Firm provides an array of business solutions, including information solutions and business telecommunications services. It has a 60.93 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).
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