[May 01, 2013] Downgrade Alert for Portugal Telecom (PT) Tweet May 01, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Portugal Telecom (NYSE:PT) was downgraded from Conviction Buy to Buy at Goldman Sachs today. The stock closed yesterday at $5.24 on volume of 236,000 shares, below average daily volume of 279,000. In the past 52 weeks, Portugal Telecom share prices have been bracketed by a low of $3.73 and a high of $5.91 and closed yesterday at $5.24, 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%. Portugal Telecom (NYSE:PT) has potential upside of 4.8% based on a current price of $5.24 and analysts' consensus price target of $5.49. Portugal Telecom shares have support at the 50-day moving average (MA) of $5.14 and additional support at the 200-day MA of $4.98. Portugal Telecom, SGPS, S.A. offers telecommunications services in Portugal. The Company offers domestic, long distance, and international telephone, mobile telephone, paging, Internet access, and data communications services. Portugal Telecom also distributes television programming over the Internet. The Company offers some of its services in Brazil, Africa, and Asia. SmarTrend is tracking the current trend status for Portugal Telecom and will alert subscribers who have PT in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]