Zacks Investment Research Downgrades Telekom Austria (TKAGY) to Hold

Telekom Austria (OTCMKTS:TKAGY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors 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 Telekom Austria from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st.

Telekom Austria (OTCMKTS:TKAGY) traded up $0.11 during mid-day trading on Wednesday, hitting $18.37. The stock had a trading volume of 300 shares, compared to its average volume of 239. Telekom Austria has a 1 year low of $11.39 and a 1 year high of $19.58. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market cap of $6,109.57, a price-to-earnings ratio of 12.85, a PEG ratio of 2.47 and a beta of 0.59.

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Telekom Austria 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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