Zacks Investment Research Upgrades Telekom Austria AG (TKAGY) to Buy
Telekom Austria AG (NASDAQ:TKAGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $13.00 price target on the stock. Zacks Investment Research’s price target would suggest a potential upside of 15.56% from the company’s previous close.
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) “
Telekom Austria AG (NASDAQ:TKAGY) opened at 11.25 on Thursday. Telekom Austria AG has a 12 month low of $10.47 and a 12 month high of $12.60. The firm’s 50-day moving average is $11.42 and its 200-day moving average is $11.89. The company has a market cap of $3.74 billion and a price-to-earnings ratio of 9.33.
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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