Peel Hunt reaffirmed their buy rating on shares of Manx Telecom (LON:MANX) in a research note published on Wednesday morning. They currently have a GBX 220 ($2.87) price objective on the stock, down from their previous price objective of GBX 225 ($2.93).

Several other brokerages have also issued reports on MANX. Liberum Capital restated a buy rating on shares of Manx Telecom in a research note on Thursday, July 12th. Barclays restated an overweight rating on shares of Manx Telecom in a research note on Wednesday, July 11th.

MANX stock opened at GBX 170 ($2.21) on Wednesday. Manx Telecom has a 1-year low of GBX 172 ($2.24) and a 1-year high of GBX 209 ($2.72).

The company also recently announced a dividend, which will be paid on Monday, November 5th. Shareholders of record on Thursday, October 11th will be paid a GBX 4.10 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 11th. This represents a dividend yield of 2.43%.

Manx Telecom Company Profile

Manx Telecom plc provides a range of telecommunications services to consumers, businesses, and public sector in the Isle of Man and internationally. It operates through five segments: Fixed Line, Broadband and Data; Mobile; Global Solutions; Data Centre; and Other. The Fixed Line, Broadband and Data segment offers fixed line, broadband, and connectivity services to approximately 37,000 homes and 4,000 businesses.

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