Proximus (OTCMKTS:BGAOY) Issues Quarterly Earnings Results

Proximus (OTCMKTS:BGAOY) posted its earnings results on Friday. The company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $1.77 billion for the quarter.

Proximus Price Performance

Shares of BGAOY stock opened at $1.19 on Friday. The firm has a 50 day moving average of $1.36 and a two-hundred day moving average of $1.50. Proximus has a 52 week low of $1.06 and a 52 week high of $1.98.

Analysts Set New Price Targets

Separately, Barclays downgraded Proximus to an “underweight” rating in a research report on Tuesday, October 20th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Proximus

Proximus is a Belgium-based telecommunications and digital services group headquartered in Brussels. Formerly known as Belgacom, the company adopted the Proximus name in 2015 and provides communications services to consumers, businesses and public-sector organizations.

Its activities include mobile and fixed-line voice services, broadband internet, television, converged communications and related digital products. Proximus also develops and manages telecommunications networks and offers information and communications technology services, including cloud, cybersecurity, workplace and connectivity solutions for business customers.

Proximus primarily serves customers in Belgium, while its international activities include business communications and digital identity services through specialized group companies.