Telekom Austria AG (NASDAQ:TKAGY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $22.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.31% from the stock’s current price.

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 cut Telekom Austria AG from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st.

Telekom Austria AG (NASDAQ:TKAGY) traded down 0.334% during mid-day trading on Thursday, reaching $19.415. The company’s stock had a trading volume of 200 shares. The firm has a market capitalization of $6.45 billion and a P/E ratio of 13.711. Telekom Austria AG has a 52 week low of $10.98 and a 52 week high of $19.58. The firm’s 50 day moving average price is $18.83 and its 200 day moving average price is $15.63.

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About Telekom Austria AG

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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