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Transportadora De Gas Sa Ord B (NYSE:TGS) Downgraded by Wall Street Zen to "Hold"

Transportadora De Gas Sa Ord B logo with Energy background

Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other equities analysts have also recently commented on the company. Citigroup boosted their target price on Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Santander raised Transportadora De Gas Sa Ord B to an "outperform" rating in a report on Wednesday, May 14th.

Read Our Latest Report on TGS

Transportadora De Gas Sa Ord B Price Performance

Shares of TGS stock traded up $1.51 during trading hours on Friday, reaching $27.86. The stock had a trading volume of 357,434 shares, compared to its average volume of 272,994. The stock's fifty day simple moving average is $28.13 and its 200 day simple moving average is $27.62. The firm has a market capitalization of $4.19 billion, a PE ratio of 11.10 and a beta of 0.69. Transportadora De Gas Sa Ord B has a 12 month low of $14.16 and a 12 month high of $34.37. The company has a current ratio of 2.97, a quick ratio of 2.94 and a debt-to-equity ratio of 0.21.

Transportadora De Gas Sa Ord B Dividend Announcement

The business also recently disclosed a -- dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.9279 per share. The ex-dividend date of this dividend is Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio is currently 37.05%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Transportadora De Gas Sa Ord B by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,490,547 shares of the energy company's stock worth $39,440,000 after purchasing an additional 36,023 shares during the last quarter. TT International Asset Management LTD raised its holdings in shares of Transportadora De Gas Sa Ord B by 3.1% during the 1st quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock valued at $32,484,000 after buying an additional 37,083 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Transportadora De Gas Sa Ord B during the 4th quarter valued at about $9,812,000. Fourth Sail Capital LP bought a new stake in Transportadora De Gas Sa Ord B in the 1st quarter worth approximately $4,887,000. Finally, William Blair Investment Management LLC purchased a new stake in Transportadora De Gas Sa Ord B in the fourth quarter worth approximately $5,246,000. Institutional investors own 3.29% of the company's stock.

About Transportadora De Gas Sa Ord B

(Get Free Report)

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.

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