Telekom Austria AG (TKAGY) Cut to “Hold” at Zacks Investment Research

Telekom Austria AG (NASDAQ:TKAGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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 11.40 on Friday. The company has a 50-day moving average price of $11.42 and a 200 day moving average price of $11.89. Telekom Austria AG has a 52-week low of $10.47 and a 52-week high of $12.60. The firm has a market capitalization of $3.79 billion and a PE ratio of 9.45.

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.

5 Day Chart for NASDAQ:TKAGY

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