Telekom Austria (OTCMKTS:TKAGY) Downgraded by Zacks Investment Research to Sell

Telekom Austria (OTCMKTS:TKAGYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, Zacks.com reports.

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) “

A number of other equities research analysts have also issued reports on the stock. Barclays decreased their target price on shares of Telekom Austria from €8.00 ($8.70) to €7.30 ($7.93) in a research note on Wednesday, April 6th. JPMorgan Chase & Co. decreased their target price on shares of Telekom Austria from €9.80 ($10.65) to €9.50 ($10.33) and set an “overweight” rating for the company in a research note on Wednesday.

Shares of OTCMKTS:TKAGY opened at $15.51 on Thursday. The firm has a fifty day moving average of $16.52 and a two-hundred day moving average of $17.07. The firm has a market capitalization of $5.15 billion, a P/E ratio of 9.40 and a beta of 0.26. Telekom Austria has a 12-month low of $15.50 and a 12-month high of $18.46. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 0.34.

Telekom Austria (OTCMKTS:TKAGYGet Rating) last issued its earnings results on Tuesday, February 8th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.42 billion. Telekom Austria had a net margin of 9.63% and a return on equity of 15.30%. Equities research analysts expect that Telekom Austria will post 1.8 earnings per share for the current fiscal year.

Telekom Austria Company Profile (Get Rating)

Telekom Austria AG, together with its subsidiaries, provides fixed-line and mobile communications solutions to individuals, commercial and non-commercial organizations, and other national and international carriers. The company offers fixed-line services, including access, internet, fixed-to-mobile calls, international traffic, voice value-added, interconnection, call center, television, IPTV, and smart home services, as well as data and ICT solutions; and digital mobile communications services, including value-added, text and multimedia messaging, m-commerce, information, and entertainment services.

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