Telkom SA SOC (OTCMKTS:TLKGY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Telkom SA SOC Ltd (OTCMKTS:TLKGY) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.80 and traded as low as $4.80. Telkom SA SOC shares last traded at $4.80, with a volume of 100 shares trading hands.

Telkom SA SOC Price Performance

The business has a fifty day moving average of $4.80 and a 200-day moving average of $4.80.

About Telkom SA SOC

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.