Proximus (OTCMKTS:BGAOY) Upgraded by UBS Group to Buy

UBS Group upgraded shares of Proximus (OTCMKTS:BGAOY) from a neutral rating to a buy rating in a research report released on Friday, The Fly reports.

Separately, JPMorgan Chase & Co. upgraded Proximus from an underweight rating to a neutral rating in a research report on Wednesday, December 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $19.00.

BGAOY opened at $3.88 on Friday. The stock’s 50 day moving average price is $3.79 and its two-hundred day moving average price is $3.88. Proximus has a 12-month low of $3.55 and a 12-month high of $4.52.

The company also recently disclosed a dividend, which was paid on Monday, December 27th. Shareholders of record on Thursday, December 9th were given a $0.0694 dividend. The ex-dividend date was Wednesday, December 8th. This represents a dividend yield of 4.74%.

About Proximus

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.

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Analyst Recommendations for Proximus (OTCMKTS:BGAOY)

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