Short Interest in Telekom Austria AG (OTCMKTS:TKAGY) Declines By 79.2%

Telekom Austria AG (OTCMKTS:TKAGYGet Rating) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 500 shares, a drop of 79.2% from the March 31st total of 2,400 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 2.5 days.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Telekom Austria from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. JPMorgan Chase & Co. cut their target price on Telekom Austria from €9.80 ($10.54) to €9.50 ($10.22) and set an “overweight” rating on the stock in a research report on Wednesday, April 13th. Finally, Barclays dropped their price target on Telekom Austria from €8.00 ($8.60) to €7.30 ($7.85) in a research report on Wednesday, April 6th.

Shares of OTCMKTS TKAGY opened at $15.22 on Friday. Telekom Austria has a 12-month low of $15.15 and a 12-month high of $18.46. The company has a market cap of $5.06 billion, a P/E ratio of 9.22 and a beta of 0.26. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $15.82 and a 200 day moving average price of $16.86.

Telekom Austria (OTCMKTS:TKAGYGet Rating) last issued its quarterly earnings results on Tuesday, February 8th. The utilities provider reported $0.14 EPS for the quarter. Telekom Austria had a net margin of 9.63% and a return on equity of 15.30%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. On average, sell-side analysts forecast that Telekom Austria will post 1.72 EPS for the current fiscal year.

About Telekom Austria (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, such as text and multimedia messaging, m-commerce, information, and entertainment services.

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