The Goldman Sachs Group initiated coverage on shares of Telecom Argentina (NYSE:TEO - Free Report) in a research report released on Wednesday, StockNewsAPI reports. The firm issued a sell rating on the utilities provider's stock.
Separately, Scotiabank cut Telecom Argentina from a "sector perform" rating to a "sector underperform" rating and lifted their price target for the company from $5.70 to $6.10 in a report on Friday, September 20th.
View Our Latest Report on TEO
Telecom Argentina Price Performance
Shares of NYSE TEO traded down $0.32 during trading on Wednesday, hitting $7.77. 123,121 shares of the company were exchanged, compared to its average volume of 184,647. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 194.25 and a beta of 0.85. Telecom Argentina has a 1 year low of $4.88 and a 1 year high of $9.97. The firm's fifty day moving average price is $7.73 and its 200 day moving average price is $7.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.49 and a quick ratio of 0.46.
Telecom Argentina (NYSE:TEO - Get Free Report) last issued its earnings results on Thursday, August 15th. The utilities provider reported $0.15 EPS for the quarter. The company had revenue of $967.38 million for the quarter. Telecom Argentina had a net margin of 1.01% and a return on equity of 0.69%. On average, sell-side analysts expect that Telecom Argentina will post 1.71 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Telecom Argentina
Several institutional investors and hedge funds have recently made changes to their positions in the company. PFG Investments LLC acquired a new stake in Telecom Argentina in the second quarter worth $104,000. B. Riley Wealth Advisors Inc. acquired a new stake in Telecom Argentina in the second quarter worth $174,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Telecom Argentina in the second quarter worth $334,000.
About Telecom Argentina
(
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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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