Zacks Investment Research Lowers Telekom Austria (TKAGY) to Sell

Telekom Austria (OTCMKTS:TKAGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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) “

Telekom Austria (TKAGY) traded down $0.16 during mid-day trading on Tuesday, hitting $18.49. The stock had a trading volume of 100 shares, compared to its average volume of 1,111. Telekom Austria has a 52 week low of $12.90 and a 52 week high of $20.44. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6,139.46, a price-to-earnings ratio of 17.61, a PEG ratio of 2.21 and a beta of 0.66.

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Telekom Austria 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.

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