Optimum Communications Shares Fall After Citigroup Downgrade

MT Newswires Live
May 16

Optimum Communications (OPTU) shares were down nearly 10% in recent Friday trading after Citigroup downgraded the telecommunications provider to sell from neutral and cut its price target to $0.50 from $1.50.

Trading volume stood at about 3.5 million shares compared with a daily average of nearly 2.8 million shares.

Price: 0.79, Change: -0.09, Percent Change: -9.87

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