Telekom Austria (UNKNOWN:TKAGY) Target Raised
In an analyst note made public by RBC Capital Markets on 21 October, Telekom Austria (UNKNOWN:TKAGY) had its TP decreased to $7.50. The firm at present has “Outperform” rating on the stock.
Out of 2 analysts covering Telekom Austria (UNKNOWN:TKAGY), 1 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Telekom Austria was the topic in 2 analyst reports since October 2, 2015 according to StockzIntelligence Inc. HSBC downgraded the stock on October 2 to “Hold” rating.
It is down 10.63% since March 18, 2015 and is downtrending. It has underperformed by 7.35% the S&P500.
Telekom Austria AG is a telecommunications provider. The company has a market cap of $4.09 billion. The Company’s divisions include: Austria, which consists of convergent products for voice telephony, Internet access, data and IT solutions, value-added services, wholesale services, television broadcasting, mobile business and payment solutions; Bulgaria, which consists of voice telephony , access to emergency services, directory services, Internet access, data and IT solutions, value-added services, wholesale services, the sale of end user terminal equipment and payment solutions; Croatia, which provides mobile and fixed-line telephony, cable and satellite television, value-added services, as well as mobile and fixed-line Internet access; Belarus, which consists of mobile communication services, and Additional Markets, which consists of mobile communication companies in Slovenia and the Republic of Serbia. It currently has negative earnings.
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)
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