Technicolor (OTCMKTS:TCLRY) Downgraded by Zacks Investment Research to “Sell”

Technicolor (OTCMKTS:TCLRYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, reports.

According to Zacks, “Technicolor, formerly known as Thomson SA, serves as an international base of entertainment, software, and gaming customers. The Company is a leading provider of production, postproduction, and distribution services to content creators, network service providers and broadcasters. Technicolor engages in film processing; manufacture and distribution of DVDs (including Blu-ray Disc); and supplying set-top boxes and gateways. The Company also operates an Intellectual Property and Licensing business unit. “

Shares of OTCMKTS TCLRY opened at $0.10 on Friday. The stock has a fifty day simple moving average of $0.10 and a 200-day simple moving average of $0.10. Technicolor has a twelve month low of $0.06 and a twelve month high of $0.14.

About Technicolor (Get Rating)

Technicolor SA develops, creates, and delivers products and services for the media and entertainment sectors in France, the United Kingdom, rest of Europe, the United States, rest of Americas, and the Asia-Pacific. It operates through three segments: Technicolor Creative Studios, DVD Services, and Connected Home.

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