Proximus (OTCMKTS:BGAOY) Downgraded by UBS Group to “Sell”

UBS Group lowered shares of Proximus (OTCMKTS:BGAOYGet Rating) from a neutral rating to a sell rating in a research note issued to investors on Wednesday, The Fly reports.

BGAOY has been the subject of several other reports. Morgan Stanley dropped their target price on shares of Proximus from €14.00 ($15.05) to €10.50 ($11.29) and set an underweight rating for the company in a report on Friday, December 16th. JPMorgan Chase & Co. lowered their price target on shares of Proximus from €13.70 ($14.73) to €12.50 ($13.44) and set a neutral rating for the company in a report on Thursday, January 5th. Oddo Bhf upgraded shares of Proximus from a neutral rating to an outperform rating and set a €16.00 ($17.20) price target for the company in a report on Wednesday, November 30th. HSBC downgraded shares of Proximus from a hold rating to a reduce rating in a report on Wednesday, November 30th. Finally, Barclays lowered their price target on shares of Proximus from €14.00 ($15.05) to €12.00 ($12.90) in a report on Friday, September 16th. Seven investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Reduce and an average price target of $12.80.

Proximus Stock Performance

OTCMKTS:BGAOY opened at $2.04 on Wednesday. The firm has a 50-day moving average price of $2.00 and a two-hundred day moving average price of $2.26. Proximus has a twelve month low of $1.71 and a twelve month high of $4.20.

Proximus Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 27th. Investors of record on Thursday, December 8th were given a $0.0447 dividend. The ex-dividend date was Wednesday, December 7th. This represents a dividend yield of 6.7%.

About Proximus

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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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