Transportadora de Gas del Sur (NYSE:TGS) Sets New 1-Year Low at $5.60

Transportadora de Gas del Sur SA ADR (NYSE:TGS) reached a new 52-week low on Tuesday . The company traded as low as $5.60 and last traded at $5.63, with a volume of 17757 shares changing hands. The stock had previously closed at $5.79.

Several research analysts recently issued reports on the company. ValuEngine lowered Transportadora de Gas del Sur from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley lowered Transportadora de Gas del Sur from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 13th. TheStreet cut Transportadora de Gas del Sur from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Finally, Zacks Investment Research downgraded Transportadora de Gas del Sur from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $9.25.

The stock has a market cap of $922.65 million, a P/E ratio of 3.08 and a beta of 0.77. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.62 and a current ratio of 2.72. The firm’s fifty day simple moving average is $7.01 and its 200-day simple moving average is $10.68.

Several large investors have recently bought and sold shares of TGS. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Transportadora de Gas del Sur during the second quarter worth $4,557,000. SG Americas Securities LLC bought a new position in Transportadora de Gas del Sur in the 2nd quarter valued at about $1,036,000. BP PLC bought a new position in Transportadora de Gas del Sur in the 2nd quarter valued at about $204,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Transportadora de Gas del Sur during the second quarter valued at approximately $343,000. Finally, Aviva PLC purchased a new stake in Transportadora de Gas del Sur in the 2nd quarter valued at $343,000. 9.83% of the stock is currently owned by institutional investors.

About Transportadora de Gas del Sur (NYSE:TGS)

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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