Zacks Investment Research Lowers Transportadora De Gas Sa Ord B (TGS) to Hold

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Transportadora de Gas del Sur, S.A. transports natural gas in Argentina. The Company’s pipeline systems connect major gas fields in southern and western Argentina with distributors of gas in those areas and in the greater Buenos Aires area. Transportadora’s service area contains approximately 4.7 million end users, including approximately 2.7 milliom in the greater Buenos Aires area. “

A number of other brokerages have also issued reports on TGS. Santander lowered Transportadora De Gas Sa Ord B from a “hold” rating to an “underweight” rating in a report on Friday, December 15th. Morgan Stanley began coverage on Transportadora De Gas Sa Ord B in a report on Tuesday, September 19th. They issued an “overweight” rating and a $25.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. Transportadora De Gas Sa Ord B presently has a consensus rating of “Hold” and a consensus target price of $26.00.

Shares of Transportadora De Gas Sa Ord B (TGS) traded up $0.16 during midday trading on Friday, hitting $22.88. The company had a trading volume of 171,200 shares, compared to its average volume of 153,833. The company has a quick ratio of 1.49, a current ratio of 1.55 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $3,610.19, a price-to-earnings ratio of 25.14 and a beta of 1.13. Transportadora De Gas Sa Ord B has a 12-month low of $9.36 and a 12-month high of $24.00.

Hedge funds have recently modified their holdings of the company. Guggenheim Capital LLC acquired a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth $108,000. Deltec Asset Management LLC acquired a new position in shares of Transportadora De Gas Sa Ord B during the second quarter worth $166,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Transportadora De Gas Sa Ord B during the second quarter worth $183,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Transportadora De Gas Sa Ord B during the third quarter worth $237,000. Finally, Invictus RG acquired a new position in shares of Transportadora De Gas Sa Ord B during the third quarter worth $254,000. 8.89% of the stock is currently owned by institutional investors and hedge funds.

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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.

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