Goldman Sachs Group Inc. lowered shares of Portugal Telecom, SGPS (NYSE:PT) from a buy rating to a neutral rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Portugal Telecom, SGPS (NYSE:PT) opened at 3.76 on Thursday. Portugal Telecom, SGPS has a one year low of $3.47 and a one year high of $5.91. The stock’s 50-day moving average is $3.83 and its 200-day moving average is $4.66. The company has a market cap of $3.225 billion and a P/E ratio of 6.49.
A number of other analysts have also recently weighed in on PT. Analysts at BNP Paribas downgraded shares of Portugal Telecom, SGPS from a neutral rating to an underperform rating in a research note to investors on Monday, July 15th. Analysts at Berenberg Bank downgraded shares of Portugal Telecom, SGPS from a buy rating to a hold rating in a research note to investors on Wednesday, May 29th.
Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Portugal Telecom, SGPS currently has an average rating of Hold.
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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