The Telekom Austria AG (TKAGY) Downgraded to Hold at Zacks Investment Research

The Telekom Austria AG (TKAGY) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Telekom Austria AG (NASDAQ:TKAGY) from a strong-buy rating to a hold rating in a research note released on Wednesday.

According to Zacks, “Telekom Austria is the principal provider of fixed, mobile, data and Internet services in Austria. The company’s fastest growing business segment is Internet, where Telekom Austria is one of the leaders with a significant market share. The company also owns Czech On-Line. (Company Press Release) “

Separately, ValuEngine lowered shares of Telekom Austria AG from a strong-buy rating to a buy rating in a research note on Friday, September 1st.

Shares of Telekom Austria AG (NASDAQ:TKAGY) remained flat at $19.33 during mid-day trading on Wednesday. The stock has a market cap of $6.42 billion and a price-to-earnings ratio of 12.33. Telekom Austria AG has a 12-month low of $10.98 and a 12-month high of $19.58. The firm has a 50-day moving average of $18.73 and a 200-day moving average of $16.79.

Telekom Austria AG Company Profile

Telekom Austria AG is a telecommunications provider. The Company and its subsidiaries are engaged as full service telecommunications providers of long distance, local and wireless services, and corporate data communications services, as well as Internet services and television broadcasting. It also supplies telephones and technical equipment for telephone communications.

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