Telekom Austria AG (NASDAQ:TKAGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
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) “
Shares of Telekom Austria AG (NASDAQ:TKAGY) opened at 11.45 on Friday. The firm has a market cap of $3.80 billion and a price-to-earnings ratio of 9.43. Telekom Austria AG has a 52-week low of $10.47 and a 52-week high of $12.60. The stock’s 50 day moving average price is $11.41 and its 200-day moving average price is $11.87.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Telekom Austria AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telekom Austria AG and related companies with MarketBeat.com's FREE daily email newsletter.