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Magyar Telekom Telecommunications Plc (MYTAY) [hlAlert]

Rating:
Underweight
MYTAY
down 0.91 %

Magyar Telekom Telecommunications Plc (MYTAY) downgraded to Underweight by HSBC Securities

Posted on: Wednesday,  Oct 9, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Magyar Telekom Telecommunications Plc (OTCBB: MYTAY) on 10/09/2013, when the stock price was $6.80.
Since then, Magyar Telekom Telecommunications Plc has gained 0.93% as of 08/27/2015's recent price of $6.86.
If you would have followed this HSBC Securities's recommendation on MYTAY, you would have lost 0.91% of your investment in 687 days.

MATAV is the principal provider of telecom services in Hungary and holds the national concession for national and international long distance telephony. They provide a broad range of services including telephony, data transmission, value-added services and mobile telecom provider. (press release)

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/9/2013 8:25 AM Sell
None
6.80
as of 12/13/2013
1 Week up  0.74 %
1 Month down  -6.89 %
3 Months up  2.64 %
1 YTD up  2.64 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/13/2013 8:25 AM Hold
None
7.20

(*) Stock Price at the time of the recommendation.
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