Weiss Ratings Reiterates Hold (C) Rating for Transportadora De Gas Sa Ord B (NYSE:TGS)

Key Points

• Weiss Ratings has reaffirmed its "hold (c)" rating for Transportadora De Gas Sa Ord B (NYSE:TGS), reflecting a cautious outlook on the stock.
• Recent reports indicate that Wall Street Zen has downgraded the stock from a "buy" to a "hold" rating, showing a shift in analyst sentiment.
• The current consensus rating for TGS is a "Moderate Buy," with an average target price of $40.00, as two analysts have rated it a Buy and one has issued a Hold rating.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

Transportadora De Gas Sa Ord B Stock Performance

Shares of NYSE TGS traded up $0.48 during midday trading on Wednesday, hitting $21.20. The company's stock had a trading volume of 223,105 shares, compared to its average volume of 393,707. Transportadora De Gas Sa Ord B has a one year low of $19.07 and a one year high of $34.37. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10.10 and a beta of 0.72. The company has a current ratio of 3.35, a quick ratio of 3.31 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $25.15 and a 200 day moving average price of $26.48.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new position in Transportadora De Gas Sa Ord B during the first quarter valued at approximately $443,000. GAMMA Investing LLC grew its position in shares of Transportadora De Gas Sa Ord B by 13.7% in the 1st quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock worth $95,000 after buying an additional 432 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 first quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock valued at $32,484,000 after acquiring an additional 37,083 shares in the last quarter. Penserra Capital Management LLC bought a new stake in Transportadora De Gas Sa Ord B in the first quarter valued at $611,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Transportadora De Gas Sa Ord B in the 1st quarter worth about $740,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

About Transportadora De Gas Sa Ord B

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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