Zacks Investment Research upgraded shares of Telekom Austria AG (NASDAQ:TKAGY) from a sell rating to a hold rating in a research note released on Wednesday morning.

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 AG (NASDAQ:TKAGY) opened at 11.30 on Wednesday. Telekom Austria AG has a one year low of $10.47 and a one year high of $12.60. The stock’s 50 day moving average is $11.48 and its 200 day moving average is $11.91. The firm has a market cap of $3.75 billion and a P/E ratio of 9.26.

Telekom Austria AG 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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