Zacks Investment Research downgraded shares of Telekom Austria AG (NASDAQ:TKAGY) from a buy rating to a hold rating in a research note released 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) “

Telekom Austria AG (NASDAQ:TKAGY) remained flat at $11.45 during trading on Friday. Telekom Austria AG has a 52-week low of $10.47 and a 52-week high of $12.60. The company has a 50-day moving average price of $11.42 and a 200-day moving average price of $11.88. The company has a market capitalization of $3.80 billion and a P/E ratio of 9.43.

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.

5 Day Chart for NASDAQ:TKAGY

Receive News & Stock 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 stocks with our FREE daily email newsletter.