Telekom Austria AG (TKAGY) Rating Increased to Buy at Zacks Investment Research

Telekom Austria AG (NASDAQ:TKAGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage currently has a $13.00 target price on the stock. Zacks Investment Research’s price target indicates a potential upside of 13.54% 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) “

Shares of Telekom Austria AG (NASDAQ:TKAGY) opened at 11.45 on Thursday. Telekom Austria AG has a 12 month low of $10.47 and a 12 month high of $12.60. The company’s 50-day moving average is $11.42 and its 200-day moving average is $11.88. The stock has a market capitalization of $3.80 billion and a PE 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.

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