Globe Telecom (OTCMKTS:GTMEY) Stock Rating Upgraded by HSBC

HSBC upgraded shares of Globe Telecom (OTCMKTS:GTMEYGet Rating) from a reduce rating to a hold rating in a research report report published on Monday morning, The Fly reports.

Separately, Citigroup lowered Globe Telecom from a neutral rating to a sell rating in a report on Wednesday, June 22nd.

Globe Telecom Stock Down 3.4 %

Shares of GTMEY stock opened at $42.00 on Monday. The business’s fifty day moving average price is $43.45 and its 200 day moving average price is $49.85. Globe Telecom has a 1-year low of $37.03 and a 1-year high of $69.92.

Globe Telecom Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 26th. Investors of record on Wednesday, August 24th will be issued a dividend of $0.32 per share. This represents a yield of 3.1%. The ex-dividend date is Tuesday, August 23rd.

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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