Proximus (OTCMKTS:BGAOY) Receives “Underperform” Rating from Credit Suisse Group

Credit Suisse Group restated their underperform rating on shares of Proximus (OTCMKTS:BGAOYGet Rating) in a research report sent to investors on Tuesday morning, Stock Target Advisor reports.

Several other brokerages have also recently weighed in on BGAOY. JPMorgan Chase & Co. lowered their price target on shares of Proximus from €20.50 ($20.92) to €18.00 ($18.37) and set a neutral rating on the stock in a research report on Wednesday, June 29th. Societe Generale cut shares of Proximus from a hold rating to a sell rating in a research report on Friday, September 16th. Morgan Stanley initiated coverage on shares of Proximus in a research report on Friday, September 2nd. They set an underweight rating on the stock. Barclays lowered their price target on shares of Proximus from €14.00 ($14.29) to €12.00 ($12.24) in a research report on Friday, September 16th. Finally, UBS Group decreased 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. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat.com, Proximus currently has a consensus rating of Reduce and an average target price of $13.95.

Proximus Stock Down 1.8 %

Proximus stock opened at $2.17 on Tuesday. Proximus has a 52-week low of $2.15 and a 52-week high of $4.20. The company has a fifty day simple moving average of $2.58 and a 200-day simple moving average of $3.11.

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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