StockNews.com upgraded shares of Transportadora de Gas del Sur (NYSE:TGS – Get Rating) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning.

Transportadora de Gas del Sur Trading Down 5.0 %

NYSE TGS opened at $6.82 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.07 and a current ratio of 3.23. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 4.32 and a beta of 0.71. The company's 50-day simple moving average is $6.54 and its two-hundred day simple moving average is $6.28. Transportadora de Gas del Sur has a one year low of $4.05 and a one year high of $8.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of Transportadora de Gas del Sur by 11.6% in the 2nd quarter. Renaissance Technologies LLC now owns 181,800 shares of the energy company's stock worth $934,000 after buying an additional 18,900 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Transportadora de Gas del Sur by 44.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 58,226 shares of the energy company's stock worth $299,000 after purchasing an additional 18,037 shares in the last quarter. Bank of Montreal Can acquired a new stake in Transportadora de Gas del Sur in the 2nd quarter worth approximately $269,000. Virtu Financial LLC acquired a new stake in Transportadora de Gas del Sur in the 1st quarter worth approximately $144,000. Finally, Eqis Capital Management Inc. acquired a new stake in Transportadora de Gas del Sur in the 1st quarter worth approximately $81,000. Hedge funds and other institutional investors own 3.00% of the company's stock.

Transportadora de Gas del Sur Company Profile

Transportadora de Gas del Sur SA engages in transportation of natural gas, production, and commercialization of natural gas liquids in Argentina. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications.

Further Reading

• Get a free copy of the StockNews.com research report on Transportadora de Gas del Sur (TGS)
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