Globe Telecom (OTCMKTS:GTMEY) Stock Rating Lowered by Citigroup

Globe Telecom (OTCMKTS:GTMEYGet Rating) was downgraded by Citigroup from a “neutral” rating to a “sell” rating in a note issued to investors on Wednesday, The Fly reports.

Globe Telecom stock opened at $43.16 on Wednesday. Globe Telecom has a fifty-two week low of $37.03 and a fifty-two week high of $69.92. The firm has a fifty day moving average price of $45.92 and a two-hundred day moving average price of $56.13.

Globe Telecom Company Profile (Get Rating)

Globe Telecom, Inc provides telecommunications services to individual customers, small and medium-sized businesses, and corporate and enterprise clients in the Philippines. The company operates through Mobile Communications Services and Wireline Communication Services segments. It offers digital wireless communications services under the Globe Postpaid and Prepaid, and Touch Mobile brands; long distance communication or carrier services; broadband, as well as wireline voice and data communication services; and electronic payment and remittance services under the GCash brand.

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