Telefonica S.A. (ADR) (NYSE:TEF) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Friday, AnalystRatingsNetwork. Telefonica S.A. (ADR) (NYSE:TEF) net profit margin is 6.20% and weekly performance is 3.10%. On last trading day company shares ended up $16.62. Analysts mean target price for the company is $13.00. Telefonica S.A. (ADR) (NYSE:TEF) distance from 50-day simple moving average (SMA50) is 6.67%.
BT Group plc (ADR) (NYSE:BT) announced a seven year extension to its global networked IT services contract with Syngenta, one of the world’s leading agribusiness companies. BT Group plc (ADR) (NYSE:BT) shares advanced 1.29% in last trading session and ended the day on $62.00. BT return on assets is 14.50%.BT Group plc (ADR) (NYSE:BT) quarterly performance is -6.68%.
VimpelCom Ltd (NASDAQ:VIP), a leading global provider of telecommunications services, on 15 may filed its Annual Report on Form 20-F for its fiscal year ended December 31, 2013 (the “Form 20-F”) with the U.S. Securities and Exchange at www.sec.gov. VimpelCom Ltd (ADR) (NASDAQ:VIP) shares moved up 1.84% in last trading session and was closed at $7.73, while trading in range of $7.53 – $7.76. VimpelCom Ltd (ADR) (NASDAQ:VIP) year to date (YTD) performance is -40.26%.
Orange SA (ADR) (NYSE:ORAN) and Bouygues SA made separate statements, revealing that they are considering a merger. The French Economy Minister Mr. Arnaud Montebourg called once again for consolidation of the French mobile-phone operators. The companies have had informal talks concerning potential partnership, including an eventual merger. Orange SA (ADR) (NYSE:ORAN) ended the last trading day at $17.00. Company weekly volatility is calculated as 1.14% and price to cash ratio as 5.34.Orange SA (ADR) (NYSE:ORAN) showed a positive weekly performance of 2.22%.
Koninklijke KPN N.V. (ADR) (OTCMKTS:KKPNY) continued to struggle with weak demand and lower prices during the first three months of the year, but it expects operating income to stabilize toward the end of the year. The Dutch telecom company said Friday that net profit for the first quarter tumbled 98% as income from its consumer mobile and corporate businesses declined. Net profit for the first three months of the year slumped to €3 million. On last trading day company shares ended up $3.68.
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