Manx Telecom PLC (MANX) Received “Purchase” Rating from Liberum Capital

Manx Telecom PLC (MANX) Received “Purchase” Rating from Liberum Capital

Liberum Capital restated their buy rating on shares of Manx Telecom PLC (LON:MANX) in a research report sent to investors on Wednesday morning. The brokerage currently has a GBX 236 ($2.91) target price on the stock.

Separately, Barclays PLC reissued an overweight rating and issued a GBX 220 ($2.72) price target on shares of Manx Telecom PLC in a research note on Wednesday, January 25th.

Shares of Manx Telecom PLC (LON:MANX) opened at 196.00 on Wednesday. Manx Telecom PLC has a 52-week low of GBX 178.00 and a 52-week high of GBX 224.00. The company’s 50-day moving average is GBX 198.29 and its 200-day moving average is GBX 202.36. The firm’s market cap is GBX 221.43 million.

The business also recently declared a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, May 25th will be paid a GBX 7.20 ($0.09) dividend. The ex-dividend date is Thursday, May 25th. This represents a yield of 3.66%. This is a boost from Manx Telecom PLC’s previous dividend of $3.70.

About Manx Telecom PLC

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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