Telekom Austria AG (NASDAQ:TKAGY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The firm currently has a $22.00 price target on the utilities provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.70% from the company’s current price.

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 shares of Telekom Austria AG from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st.

Shares of Telekom Austria AG (NASDAQ TKAGY) opened at 19.52 on Thursday. Telekom Austria AG has a 12-month low of $10.98 and a 12-month high of $19.58. The stock has a market capitalization of $6.48 billion and a P/E ratio of 13.79. The company has a 50-day moving average of $18.69 and a 200-day moving average of $15.55.

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Telekom Austria AG 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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