Telekom Austria AG (TKAGY) Upgraded to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Telekom Austria AG (NASDAQ:TKAGY) from a hold rating to a strong-buy rating in a report released on Thursday. They currently have $22.00 price objective 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) “

Separately, ValuEngine lowered Telekom Austria AG from a strong-buy rating to a buy rating in a research report on Friday, September 1st.

Shares of Telekom Austria AG (NASDAQ TKAGY) remained flat at $$18.89 during mid-day trading on Thursday. The company’s stock had a trading volume of 1,318 shares, compared to its average volume of 2,439. Telekom Austria AG has a 1 year low of $10.98 and a 1 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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