Transportadora De Gas Sa Ord B (TGS) Rating Lowered to Underweight at Santander

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by equities research analysts at Santander from a “hold” rating to an “underweight” rating in a research report issued on Friday, The Fly reports.

Separately, Morgan Stanley assumed coverage on shares of Transportadora De Gas Sa Ord B in a research note on Tuesday, September 19th. They set an “overweight” rating and a $25.00 target price for the company.

Transportadora De Gas Sa Ord B (NYSE:TGS) traded down $0.15 during trading on Friday, reaching $23.16. 77,100 shares of the company’s stock were exchanged, compared to its average volume of 217,792. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.55 and a quick ratio of 1.49. The firm has a market cap of $3,703.94, a price-to-earnings ratio of 25.34 and a beta of 1.11. Transportadora De Gas Sa Ord B has a 52-week low of $8.15 and a 52-week high of $23.76.

A number of institutional investors have recently bought and sold shares of TGS. Dynamic Technology Lab Private Ltd acquired a new position in Transportadora De Gas Sa Ord B during the 2nd quarter valued at about $183,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 3rd quarter worth approximately $237,000. Invictus RG acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 3rd quarter worth approximately $254,000. Advisor Group Inc. lifted its stake in shares of Transportadora De Gas Sa Ord B by 304.2% in the 3rd quarter. Advisor Group Inc. now owns 13,658 shares of the energy company’s stock worth $277,000 after acquiring an additional 10,279 shares during the period. Finally, Airain ltd acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 2nd quarter worth approximately $316,000. 8.91% of the stock is owned by hedge funds and other institutional investors.

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About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA is engaged in the transportation of natural gas and production and commercialization of natural gas liquids (Liquids). The Company operates through four segments: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications.