Proximus (OTCMKTS:BGAOY) Posts Earnings Results

Proximus (OTCMKTS:BGAOY) issued its quarterly earnings results on Friday. The company reported $0.07 EPS for the quarter, Zacks reports.

Proximus Stock Performance

OTCMKTS BGAOY remained flat at $1.19 on Friday. Proximus has a 1-year low of $1.06 and a 1-year high of $1.98. The stock has a 50 day moving average price of $1.36 and a 200 day moving average price of $1.51.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of 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 data from MarketBeat, Proximus presently 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.