Brokerages Set Proximus PLC (OTCMKTS:BGAOY) Price Target at $14.83

Shares of Proximus PLC (OTCMKTS:BGAOYGet Rating) have received a consensus rating of “Reduce” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $13.95.

BGAOY has been the topic of a number of research reports. UBS Group reduced their target price on shares of Proximus from €13.90 ($14.18) to €13.30 ($13.57) and set a “neutral” rating on the stock in a research report on Tuesday, August 9th. Morgan Stanley assumed coverage on shares of Proximus in a research note on Friday, September 2nd. They set an “underweight” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Proximus from €21.50 ($21.94) to €12.50 ($12.76) in a research note on Friday, August 19th. JPMorgan Chase & Co. dropped their price target on shares of Proximus from €20.50 ($20.92) to €18.00 ($18.37) and set a “neutral” rating for the company in a research note on Wednesday, June 29th. Finally, Societe Generale downgraded shares of Proximus from a “hold” rating to a “sell” rating in a research note on Friday.

Proximus Stock Performance

OTCMKTS:BGAOY opened at $2.18 on Friday. Proximus has a 12 month low of $2.15 and a 12 month high of $4.20. The company’s 50-day moving average price is $2.60 and its two-hundred day moving average price is $3.13.

Proximus Company Profile

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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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