Indosat (NYSE: IIT) was upgraded by equities researchers at Citigroup from a “sell” rating to a “neutral” rating in a report issued on Tuesday.
Indosat opened at 33.77 on Tuesday. Indosat has a 52-week low of $18.48 and a 52-week high of $37.04. The stock’s 50-day moving average is currently $34.76. The company has a market cap of $3.670 billion and a price-to-earnings ratio of 22.51.
Separately, analysts at Bank of America downgraded shares of Indosat to an “underperform” rating in a research note to investors on Wednesday, February 13th.
Seven research analysts have rated the stock with a buy rating, one has given an overweight rating, six have given a hold rating, one has given an underweight rating, and one has given a sell rating to the stock. The company has an average rating of “overweight” and an average price target of $36.21.
PT Indosat Tbk is an integrated Indonesian telecommunications network and service provider. The Company provides a complement of national and international telecommunications services in Indonesia.
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