Manitoba Telecom Services (TSE:MBT): National Bank Financial Reconfirms Outperform Rating Today, Has a Target of $32.00/Share

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Manitoba Telecom Services (TSE:MBT) Rating Reaffirmed

They currently have a $32.00 price target on Manitoba Telecom Services (TSE:MBT). The target price by National Bank Financial would suggest a potential upside of 6.14% from the company’s current stock price. This has been announced to investors in a recent research report on Thursday morning.

From a total of 7 analysts covering Manitoba Telecom Services (TSE:MBT) stock, 3 rate it a ”Buy”, 2 a “Sell”, and 2 a ”Hold”. This means that 43% of the ratings are positive. The highest target price is $33 while the lowest target price is $26. The mean of all analyst targets is $29.94 with a -0.63% below today’s ($30.13) stock price. Manitoba Telecom Services was the topic of 15 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. National Bank Canada upgraded shares on November 5 to “Outperform” rating.

Approximately 23,921 shares of stock traded hands. Manitoba Telecom Services Inc (TSE:MBT) has risen 15.53% since April 23, 2015 and is uptrending. It has outperformed by 16.89% the S&P500.

Manitoba Telecom Services (TSE:MBT): National Bank Financial Reconfirms Outperform Rating Today, Has a Target of $32.00/Share

Manitoba Telecom Services Inc. is a Canada national communications provider. The company has a market cap of $2.39 billion. The Firm operates in two divisions: MTS and Allstream. It has 26.87 P/E ratio. The Company’s MTS segment is a telecommunications well-known provider for residential and business clients in Manitoba.

According to Zacks Investment Research, “MOBILE TELE-ADR mission is to build a integrated mobile communications world, which will bring people together, enrich their lives and open up new horizons, both at work and at home. They will do this by Anticipating on and understanding of our customers’ needs, employing experienced, qualified and highly motivated personnel, introducing new technologies, and enhancing our company’s development.” Get a free copy of the Zacks research report on Manitoba Telecom Services Inc (MBT)

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