PCCW (OTCMKTS:PCCWY) Shares Up 7.9% – Here’s Why

PCCW Ltd. (OTCMKTS:PCCWYGet Free Report) rose 7.9% during trading on Monday . The stock traded as high as $7.0350 and last traded at $7.0350. 373 shares changed hands during trading, a decline of 64% from the average session volume of 1,049 shares. The stock had previously closed at $6.5185.

PCCW Stock Performance

The stock’s 50 day simple moving average is $7.31 and its 200 day simple moving average is $7.40.

About PCCW

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PCCW Limited (OTCMKTS:PCCWY) is a Hong Kong–based technology and telecommunications company offering a broad array of connectivity, media and IT solutions. Headquartered in Hong Kong, the group traces its roots to the early 2000s restructuring of the local fixed-line incumbent and has since diversified into broadband, mobile and digital media services under various subsidiaries.

The company’s consumer and enterprise businesses encompass fixed-line telephone, broadband internet access, mobile services and pay-TV.

Further Reading

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