JPMorgan Chase & Co. cut shares of Globe Telecom, Inc. Fully Paid Ord. Shrs (OTCMKTS:GTMEF) from an overweight rating to a neutral rating in a research note released on Monday morning, The Fly reports.
Shares of OTCMKTS GTMEF opened at $39.65 on Monday.
About Globe Telecom, Inc. Fully Paid Ord. Shrs
Globe Telecom, Inc provides telecommunications services to individuals, 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; a range of broadband Internet, as well as wireline voice and data communication services; mobile payment and remittance services under the GCash brand; and value-added services, such as inbound and outbound short messaging and multimedia messaging, infotext, mobile Internet browsing and content downloading, mobile commerce, and other add-on services.
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