Portugal Telecom, SGPS Stock Rating Upgraded by Sanford C. Bernstein (PT)
Portugal Telecom, SGPS (NYSE:PT) was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of Portugal Telecom, SGPS (NYSE:PT) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 15th. Analysts at BNP Paribas downgraded shares of Portugal Telecom, SGPS (NYSE:PT) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, July 15th.
One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.
Portugal Telecom SGPS SA (NYSE:PT) provides a range of telecommunications and multimedia services in Portugal and other countries or regions, including Brazil and Africa.
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