Telecom Argentina S.A. (NYSE:TEO - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.63 and traded as high as $9.19. Telecom Argentina shares last traded at $8.99, with a volume of 246,836 shares changing hands.
Analyst Ratings Changes
Several equities analysts recently commented on TEO shares. The Goldman Sachs Group began coverage on shares of Telecom Argentina in a research note on Wednesday, October 23rd. They set a "sell" rating for the company. Scotiabank lowered shares of Telecom Argentina from a "sector perform" rating to a "sector underperform" rating and boosted their price target for the company from $5.70 to $6.10 in a research report on Friday, September 20th.
Check Out Our Latest Stock Report on TEO
Telecom Argentina Stock Up 2.3 %
The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.96 billion, a P/E ratio of 99.89 and a beta of 0.85. The stock's fifty day moving average price is $7.87 and its 200 day moving average price is $7.63.
Telecom Argentina (NYSE:TEO - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The utilities provider reported $0.15 EPS for the quarter. The firm had revenue of $967.38 million for the quarter. Telecom Argentina had a return on equity of 0.69% and a net margin of 1.01%. As a group, research analysts forecast that Telecom Argentina S.A. will post 1.71 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Telecom Argentina
Institutional investors have recently made changes to their positions in the business. PFG Investments LLC bought a new position in Telecom Argentina during the 2nd quarter worth approximately $104,000. Cubist Systematic Strategies LLC purchased a new position in shares of Telecom Argentina in the second quarter worth $334,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Telecom Argentina during the 2nd quarter valued at $174,000.
Telecom Argentina Company Profile
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Get Free Report)
Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.
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