On June 3, Berenberg Bank downgraded shares of Portugal Telecom, SGPS (ADR) (NYSE:PT) from a buy rating to a hold rating. Portugal Telecom, SGPS (ADR) (NYSE:PT) net profit margin is 5.70% and weekly performance is -3.72%. On last trading day company shares ended up $3.88. Analysts mean target price for the company is $3.91. Portugal Telecom, SGPS (ADR) (NYSE:PT) distance from 50-day simple moving average (SMA50) is -1.76%.
Telefonica S.A. (ADR) (NYSE:TEF) announces that has submitted a binding offer for the acquisition of 22% of the share capital of Distribuidora de Televisión Digital, SA (DTS) owned by Mediaset España Comunicación, S.A. (MEDIASET) for an amount of EUR 295 million. Telefonica S.A. (ADR) (NYSE:TEF) shares fell -0.53% in last trading session and ended the day on $16.84. Gross Margin is 70.60% and its return on assets is 3.70%. Telefonica S.A. (ADR) (NYSE:TEF) quarterly performance is 11.89%.
VimpelCom Ltd. (ADR) (NASDAQ: VIP) said it has named Peter Chernyshov as CEO of its Ukrainian Business Unit, Kyivstar. VimpelCom Ltd (ADR) (NASDAQ:VIP) shares moved up 0.48% in last trading session and was closed at $8.37, while trading in range of $8.19 – $8.47. VimpelCom Ltd (ADR) (NASDAQ:VIP) year to date (YTD) performance is -35.32%.
Orange SA (ADR) (NYSE:ORAN) has been given a consensus rating of “Hold” by the seven brokerages that are covering the company, ARN reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $17.00. Orange SA (ADR) (NYSE:ORAN) ended the last trading day at $16.46. Company weekly volatility is calculated as 1.32% and price to cash ratio as 5.29. Orange SA (ADR) (NYSE:ORAN) showed a negative weekly performance of -3.29%.
GrowBLOX Sciences, Inc. (OTCMKTS:GBLX) a biotechnology and research company, announced through its local partnership, GBS NEVADA, LLC, that it has secured a special use permit in Clark County, Nevada for its cultivation and conversion facility. The Company completed its presentation to the Board of Commissioners and was successful in acquiring this special use permit for its proposed Las Vegas facility. The Company will await final State approval and will be applying for a State business license in the coming weeks. Growblox Sciences Inc (OTCMKTS:GBLX) On last trading day company shares ended up $1.33.