Telecom Italia SpA (ADR) (NYSE:TI) and its largest shareholder, Telefonica SA (TEF) of Spain, are locked in disagreement over the future of the Italian carrier’s Brazilian business, according to people familiar with the matter. Telecom Italia SpA (ADR) (NYSE:TI) net profit margin is -15.90% and weekly performance is 8.00%. On last trading day company shares ended up $13.37. Analysts mean target price for the company is $6.80. Telecom Italia SpA (ADR) (NYSE:TI) distance from 50-day simple moving average is 10.36%.
Berenberg Bank cut shares of Portugal Telecom, SGPS (NYSE:PT) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.Portugal Telecom, SGPS (ADR) (NYSE:PT) shares advanced 3.50% in last trading session and ended the day on $3.84. PT Gross Margin is 59.40% and its return on assets is 1.80%. Portugal Telecom, SGPS (ADR) (NYSE:PT) quarterly performance is -10.90%.
Orange SA (NASDAQ:ORAN) was downgraded by research analysts at Societe Generale to a “hold” rating in a report released on Friday.Orange SA (ADR) (NYSE:ORAN) shares moved up 2.14% in last trading session and was closed at $17.15, while trading in range of $16.95-$17.22. Orange SA (ADR) (NYSE:ORAN) year to date performance is 45.09%.
VimpelCom Ltd. (NYSE:VIP) has submitted the Annual Report as on December 31, 2013 with the US Securities and Exchange. The report is available online on the Company’s website. VimpelCom Ltd (ADR) (NASDAQ:VIP) ended the last trading day at $8.90. Company weekly volatility is calculated as 2.76% and price to cash ratio as 3.44. VimpelCom Ltd (ADR) (NASDAQ:VIP) showed a positive weekly performance of 6.33%.
Magyar Telekom Tavkozlesi Nyrt (ADR) (OTCMKTS:MYTAY) has denied press speculation associating the replacement of the chief editor of news website Origo.hu, of which it is the exclusive owner, with the operator’s Digital Hungary partnership with the government. Magyar Telekom said the government had exerted no pressure it with respect to either the person of the chief editor, or the content of Origo.hu. The separation of the positions of chairperson and CEO is a process started at Deutsche Telekom subsidiaries and already completed in several countries. Magyar Telekom Tavkozlesi Nyrt (ADR) (OTCMKTS:MYTAY) On last trading day company shares ended up $7.57.
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