Telekom Austria (OTCMKTS:TKAGY) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of Telekom Austria (OTCMKTS:TKAGY) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday, December 27th.

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

Shares of Telekom Austria (TKAGY) traded up $0.03 during mid-day trading on Wednesday, hitting $19.74. 400 shares of the stock were exchanged, compared to its average volume of 1,291. Telekom Austria has a 52 week low of $11.87 and a 52 week high of $20.44. The firm has a market cap of $6,640.84, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.39 and a beta of 0.60. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 0.86.

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About Telekom Austria

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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