NEW YORK, July 25, 2016 /PRNewswire/ --
Technology is the pillar of our digital era, and given its importance to daily living, demand remains strong. On Friday, stocks ended broadly higher, so this morning, Stock-Callers.com shifts its focus on the following equities to see how they have performed at the close last Friday: America Movil S.A.B. de C.V. (NYSE: AMX), Telefonica S.A. (NYSE: TEF), TIM Participacoes S.A. (NYSE: TSU), and Orange (NYSE: ORAN). Learn more about these stocks by accessing their free notes at:
Last Friday, shares in Mexico City, Mexico-based America Movil S.A.B. de C.V. ended the session 1.64% lower at $12.57. The stock recorded a trading volume of 3.29 million shares. The Company's shares have advanced 4.35% in the last month and are trading 3.07% above their 50-day moving average. Moreover, shares of America Movil, which provides telecommunications services in Mexico and internationally, have a Relative Strength Index (RSI) of 55.56.
On June 28th, 2016, Reuters reported that Puerto Rico Telephone Company and its parent company, America Movil of Mexico, will pay $1.1 million to resolve a U.S. investigation over foreign ownership levels as per the Federal Communications Commission announcement. The FCC said stock purchases of América Móvil by its billionaire owner Carlos Slim Helú and his family repeatedly exceeded the foreign ownership levels approved by the FCC. The companies have agreed to adopt compliance plans to prevent future stock purchases by the Slim family that would exceed foreign ownership limits without first receiving FCC approval. Visit us today and access our complete notes on AMX at:
Madrid, Spain headquartered Telefonica S.A.'s shares rose 1.98%, to close the day at $9.78. The stock recorded a trading volume of 2.46 million shares, which was above its three months average volume of 1.57 million shares. The Company's shares are trading 0.75% below their 50-day moving average. Additionally, shares of Telefonica, which provides mobile and fixed communication services primarily in the European Union and Latin America, have an RSI of 53.20.
On June 28th, 2016, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On July 11th, 2016, Bloomberg reported that Telefonica S.A. sold most of its stake in China Unicom (Hong Kong) Ltd. to raise about $355 million for debt reduction. The Spanish phone carrier sold a 1.5% stake in China Unicom, according to a regulatory filing. It said it will keep its remaining stake of about 1% and maintain a strategic alliance the companies formed in 2009. The stock sale gives Telefonica a chance to show credit-ratings agencies it is serious about improving its balance sheet. The complimentary notes on TEF can be accessed at:
Shares in Rio de Janeiro, Brazil headquartered TIM Participacoes S.A. recorded a trading volume of 1.10 million shares at the close of the last trading session, which was above their three months average volume of 986,300 shares. The stock ended the day 1.58% higher at $12.25. The Company's shares have advanced 22.75% in the last one month, 9.38% in the previous three months, and 48.29% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 18.71% and 27.06%, respectively. Furthermore, shares of TIM Participacoes, which through its subsidiaries, provides mobile telecommunication services in Brazil, have an RSI of 71.31. Register for free on Stock-Callers.com and access the latest notes on TSU at:
Paris, France headquartered Orange's stock finished Friday's session 1.79% higher at $15.88 with a total volume of 343,089 shares traded. Shares of the Company, which provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators worldwide, are trading below their 50-day moving average by 1.98%. The stock has an RSI of 49.25.
On July 07th, 2016, Global chemical company Solvay announced that it has chosen Orange Business Services to manage and secure its fleet of 7,500 mobile devices and simplify mobility management. Headquartered in Brussels, Belgium and operating in 56 countries, Solvay needed a solution to securely manage its employees' growing use of smartphones and tablets worldwide. The Orange mobile device management (MDM) solution allows employees to securely access their corporate resources and collaborate effectively with their colleagues from any smartphone and any tablet. The solution also reduces and controls the cost associated with managing and supporting Solvay's heterogeneous fleet of devices, including iOS and Android, as well as both professional and personal devices.
On July 19th, 2016, research firm Raymond James upgraded the Company's stock ratings from 'Market Perform' to 'Outperform'. Get free access to your notes on ORAN at:
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