Proximus PLC (OTCMKTS:BGAOY) Given Average Recommendation of “Hold” by Brokerages

Shares of Proximus PLC (OTCMKTS:BGAOY – Get Rating) have received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.88.

A number of research firms recently weighed in on BGAOY. UBS Group upgraded Proximus from a “sell” rating to a “neutral” rating in a research report on Tuesday, March 21st. Morgan Stanley raised shares of Proximus from an “underweight” rating to an “equal weight” rating in a research note on Thursday, May 4th. Finally, BNP Paribas raised shares of Proximus from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 30th.

Proximus Stock Performance

OTCMKTS:BGAOY opened at $1.58 on Wednesday. Proximus has a 1-year low of $1.51 and a 1-year high of $3.52. The stock has a fifty day simple moving average of $1.77 and a 200 day simple moving average of $1.89.

Proximus Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 12th. Shareholders of record on Thursday, April 27th were paid a dividend of $0.1348 per share. The ex-dividend date was Wednesday, April 26th. This represents a dividend yield of 9.53%. This is a positive change from Proximus’s previous dividend of $0.04. Proximus’s dividend payout ratio (DPR) is 34.12%.

Proximus Company Profile

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Proximus SA engages in the provision of telecommunication services. It operates its business through the following segments: Consumer Business Unit (CBU); Enterprise Business Unit (EBU); Technology Unit (TEC); Wholesale Unit (WU); International Carrier Services (ICS); and Staff and Support (S&S). The CBU segment sells voice products and services, internet and television, both on fixed mobile networks.