Goldman Sachs Group Lowers Telenet Group (OTCMKTS:TLGHF) to Buy

Goldman Sachs Group downgraded shares of Telenet Group (OTCMKTS:TLGHF) from a conviction-buy rating to a buy rating in a report released on Monday, August 19th, The Fly reports.

Separately, UBS Group cut Telenet Group from a buy rating to a neutral rating in a report on Tuesday, June 25th.

TLGHF stock remained flat at $$51.11 during midday trading on Monday. Telenet Group has a 1-year low of $43.71 and a 1-year high of $58.18. The stock’s 50 day simple moving average is $52.92.

About Telenet Group

Telenet Group Holding NV provides basic and enhanced video services to residential and business customers in Belgium and Luxembourg. The company offers basic video services, including basic cable television services; enhanced video services, including premium sports and film channels, a range of extended thematic channels, and a selection of films and broadcast contents; broadband Internet services; fixed-line and mobile telephony voice and data services; interconnection services; and value-added services, such as hosting, managed security, and cloud services.

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