Proximus (OTCMKTS:BGAOY) Issues Earnings Results

Proximus (OTCMKTS:BGAOY) released its earnings results on Friday. The company reported $0.07 earnings per share for the quarter, Zacks reports.

Proximus Stock Performance

OTCMKTS BGAOY remained flat at $1.19 during trading hours on Friday. The firm has a 50 day simple moving average of $1.36 and a two-hundred day simple moving average of $1.51. Proximus has a 12 month low of $1.06 and a 12 month high of $1.98.

Wall Street Analyst Weigh In

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

Proximus Company Profile

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.