Telekom Austria AG (TKAGY) Lifted to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Telekom Austria AG (NASDAQ:TKAGY) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday. The firm currently has $22.00 price objective on the utilities provider’s stock.

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 downgraded 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 (TKAGY) opened at 19.415 on Thursday. The company has a market cap of $6.45 billion and a price-to-earnings ratio of 13.711. The company’s 50-day moving average price is $18.83 and its 200 day moving average price is $15.63. Telekom Austria AG has a 12-month low of $10.98 and a 12-month high of $19.58.

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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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