Transportadora de Gas del Sur SA ADR (TGS) Receives Average Recommendation of “Hold” from Brokerages

Transportadora de Gas del Sur SA ADR (NYSE:TGS) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Brokers have set a 12 month consensus target price of $20.50 for the company and are forecasting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Transportadora de Gas del Sur an industry rank of 181 out of 255 based on the ratings given to related companies.

A number of brokerages recently issued reports on TGS. ValuEngine downgraded Transportadora de Gas del Sur from a “sell” rating to a “strong sell” rating in a report on Thursday, April 4th. Zacks Investment Research downgraded Transportadora de Gas del Sur from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. TheStreet raised Transportadora de Gas del Sur from a “c+” rating to a “b-” rating in a report on Wednesday, February 13th. Finally, Santander raised Transportadora de Gas del Sur from a “hold” rating to a “buy” rating in a report on Tuesday, February 26th.

Shares of TGS opened at $12.07 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.24 and a quick ratio of 3.19. The company has a market capitalization of $1.91 billion, a P/E ratio of 6.19 and a beta of 0.91. Transportadora de Gas del Sur has a 52-week low of $10.72 and a 52-week high of $21.30.

Several hedge funds have recently bought and sold shares of the company. Eaton Vance Management boosted its holdings in shares of Transportadora de Gas del Sur by 13.9% in the fourth quarter. Eaton Vance Management now owns 50,039 shares of the energy company’s stock valued at $751,000 after acquiring an additional 6,100 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Transportadora de Gas del Sur by 3.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 207,411 shares of the energy company’s stock worth $3,111,000 after acquiring an additional 6,352 shares in the last quarter. Northern Trust Corp raised its position in Transportadora de Gas del Sur by 23.4% in the fourth quarter. Northern Trust Corp now owns 42,117 shares of the energy company’s stock worth $632,000 after acquiring an additional 7,981 shares in the last quarter. LSV Asset Management purchased a new position in Transportadora de Gas del Sur in the fourth quarter worth $119,000. Finally, Highland Capital Management LP raised its position in Transportadora de Gas del Sur by 6.1% in the third quarter. Highland Capital Management LP now owns 293,718 shares of the energy company’s stock worth $4,265,000 after acquiring an additional 17,000 shares in the last quarter. 8.39% of the stock is owned by institutional investors and hedge funds.

Transportadora de Gas del Sur Company Profile

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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