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

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ValuEngine cut shares of Transportadora de Gas del Sur (NYSE:TGS) from a sell rating to a strong sell rating in a research note issued 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 note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $18.00.

Shares of NYSE TGS opened at $9.51 on Monday. The company has a current ratio of 3.04, a quick ratio of 3.01 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 4.88 and a beta of 0.54. Transportadora de Gas del Sur has a 12 month low of $6.05 and a 12 month high of $17.78. The stock has a 50-day moving average price of $14.64 and a two-hundred day moving average price of $13.70.

Several institutional investors have recently added to or reduced their stakes in TGS. BlackRock Inc. increased its stake in shares of Transportadora de Gas del Sur by 914.8% in the second quarter. BlackRock Inc. now owns 3,502,133 shares of the energy company’s stock valued at $50,640,000 after buying an additional 3,157,034 shares during the period. Northern Trust Corp increased its stake in shares of Transportadora de Gas del Sur by 1,050.4% in the second quarter. Northern Trust Corp now owns 478,952 shares of the energy company’s stock valued at $6,926,000 after buying an additional 437,317 shares during the period. Vanguard Group Inc. acquired a new position in shares of Transportadora de Gas del Sur in the second quarter valued at approximately $5,332,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Transportadora de Gas del Sur in the second quarter valued at approximately $4,557,000. Finally, Bank of America Corp DE increased its stake in shares of Transportadora de Gas del Sur by 1,809.3% in the second quarter. Bank of America Corp DE now owns 227,933 shares of the energy company’s stock valued at $3,296,000 after buying an additional 215,995 shares during the period. 9.38% of the stock is owned by 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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