Proximus PLC (OTCMKTS:BGAOY) Receives $18.00 Average Target Price from Analysts

Shares of Proximus PLC (OTCMKTS:BGAOYGet Rating) have received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.00.

BGAOY has been the topic of several research reports. Citigroup cut Proximus from a “neutral” rating to a “sell” rating in a report on Tuesday, February 1st. JPMorgan Chase & Co. boosted their price objective on shares of Proximus from €19.00 ($20.00) to €20.50 ($21.58) in a research report on Tuesday, March 29th. Barclays dropped their price target on shares of Proximus from €17.00 ($17.89) to €15.50 ($16.32) and set an “underweight” rating for the company in a research note on Wednesday. Finally, UBS Group upgraded Proximus from a “neutral” rating to a “buy” rating in a research report on Friday, January 14th.

Shares of BGAOY opened at $3.45 on Wednesday. Proximus has a 1 year low of $3.36 and a 1 year high of $4.35. The company has a 50 day simple moving average of $3.67 and a two-hundred day simple moving average of $3.80.

The company also recently disclosed a dividend, which will be paid on Monday, May 16th. Investors of record on Thursday, April 28th will be issued a $0.0935 dividend. This is an increase from Proximus’s previous dividend of $0.07. This represents a dividend yield of 4.37%. The ex-dividend date is Wednesday, April 27th.

About Proximus (Get Rating)

Proximus PLC provides digital services and communication solutions in Belgium and internationally. It operates through Domestic, International Carrier Services, and TeleSign segments. The company offers fixed and mobile telephony, internet, and television services to residential customers and small businesses; telecommunication, ICT infrastructure, multi-cloud, digital finance, cybersecurity, business applications, and managed and training services to medium and large companies, and public administrations; and ICT services to residential, business, and telecom wholesale markets.

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Analyst Recommendations for Proximus (OTCMKTS:BGAOY)

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