Transportadora de Gas del Sur (NYSE:TGS) Lowered to Strong Sell at ValuEngine

ValuEngine downgraded shares of Transportadora de Gas del Sur (NYSE:TGS) from a sell rating to a strong sell rating in a research report sent to investors on Monday morning, ValuEngine reports.

Separately, Zacks Investment Research raised Transportadora de Gas del Sur from a hold rating to a strong-buy rating and set a $18.00 target price for the company in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $18.00.

Shares of Transportadora de Gas del Sur stock opened at $9.51 on Monday. Transportadora de Gas del Sur has a 1 year low of $6.05 and a 1 year high of $17.78. The firm has a market cap of $1.40 billion, a PE ratio of 4.88 and a beta of 0.54. The stock has a fifty day moving average price of $14.64 and a 200-day moving average price of $13.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.04 and a quick ratio of 3.01.

Institutional investors have recently made changes to their positions in the company. Gulf International Bank UK Ltd purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter valued at $43,000. Russell Investments Group Ltd. purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter valued at $54,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter valued at $69,000. Aperio Group LLC purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter valued at $98,000. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter valued at $106,000. 9.38% of the stock is owned by hedge funds and other institutional investors.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

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