Investment analysts at Citigroup Inc. lowered their price objective on shares of Portugal Telecom, SGPS (NYSE:PT) from $4.00 to $3.50 in a note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s target price suggests a potential downside of 18.22% from the company’s current price.
PT has been the subject of a number of other recent research reports. Analysts at Santander downgraded shares of Portugal Telecom, SGPS from a “buy” rating to an “underweight” rating in a research note to investors on Monday, October 14th. Separately, analysts at Berenberg Bank upgraded shares of Portugal Telecom, SGPS from a “hold” rating to a “buy” rating in a research note to investors on Friday, October 4th. Finally, analysts at Natixis raised their price target on shares of Portugal Telecom, SGPS from $3.00 to $3.45 in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Portugal Telecom, SGPS has a consensus rating of “Hold” and a consensus price target of $3.48.
Portugal Telecom, SGPS (NYSE:PT) traded down 0.93% on Thursday, hitting $4.28. The stock had a trading volume of 229,369 shares. Portugal Telecom, SGPS has a 52 week low of $3.47 and a 52 week high of $5.91. The stock has a 50-day moving average of $4.63 and a 200-day moving average of $4.28. The company has a market cap of $3.660 billion and a price-to-earnings ratio of 7.40.
Portugal Telecom SGPS SA (NYSE:PT) provides a range of telecommunications and multimedia services in Portugal and other countries or regions, including Brazil and Africa.
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