Telekom Austria AG (NASDAQ:TKAGY) Rating Increased to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Telekom Austria AG (OTCMKTS:TKAGY) from a hold rating to a strong-buy rating in a research note published on Thursday, November 2nd. The brokerage currently has $22.00 price target on the utilities provider’s stock.

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) “

Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of Telekom Austria AG from a strong-buy rating to a buy rating in a report on Friday, September 1st. Gabelli reissued a hold rating on shares of Telekom Austria AG in a report on Wednesday, August 23rd.

Telekom Austria AG (OTCMKTS:TKAGY) opened at $18.38 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a market cap of $6,109.57, a PE ratio of 12.87, a price-to-earnings-growth ratio of 2.39 and a beta of 0.59. Telekom Austria AG has a one year low of $10.98 and a one year high of $19.58.

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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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