Telkom SA SOC (OTCMKTS:TLKGY) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of Telkom SA SOC Ltd (OTCMKTS:TLKGY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.80 and traded as high as $4.80. Telkom SA SOC shares last traded at $4.80, with a volume of 100 shares.

Telkom SA SOC Stock Down 5.3%

The company’s fifty day simple moving average is $4.80 and its two-hundred day simple moving average is $4.80.

Telkom SA SOC Company Profile

Telkom SA SOC Limited is a South African telecommunications operator that traces its roots to the corporatisation of state postal and telecommunication services in 1991. Today, the company remains majority-owned by the South African government while operating as a public entity listed on the Johannesburg Stock Exchange and trading American depositary receipts on the OTCMKTS under the symbol TLKGY. Telkom’s core mission is to connect individuals, businesses and government institutions through an extensive network of fixed-line, broadband and mobile infrastructures.

The company’s consumer segment offers a range of fixed-line voice services, ADSL, VDSL and fibre-to-the-home broadband products, alongside converged mobile offerings under the Telkom Mobile brand.