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Telecom Argentina (NYSE:TEO) Stock Price Down 4.1% - Here's What Happened

Telecom Argentina logo with Utilities background

Telecom Argentina S.A. (NYSE:TEO - Get Free Report) fell 4.1% on Friday . The company traded as low as $8.19 and last traded at $8.22. 82,971 shares were traded during trading, a decline of 55% from the average session volume of 185,417 shares. The stock had previously closed at $8.57.

Analyst Ratings Changes

Separately, Scotiabank lowered Telecom Argentina from a "sector perform" rating to a "sector underperform" rating and upped their target price for the stock from $5.70 to $6.10 in a research note on Friday, September 20th.

View Our Latest Stock Analysis on TEO

Telecom Argentina Trading Down 1.9 %

The stock has a market capitalization of $3.62 billion, a P/E ratio of 210.25 and a beta of 0.85. 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's fifty day moving average price is $7.68 and its two-hundred day moving average price is $7.60.

Telecom Argentina (NYSE:TEO - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The utilities provider reported $0.15 earnings per share for the quarter. The firm had revenue of $967.38 million during the quarter. Telecom Argentina had a net margin of 1.01% and a return on equity of 0.69%. Equities research analysts forecast that Telecom Argentina S.A. will post 1.71 EPS for the current year.

Institutional Investors Weigh In On Telecom Argentina

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in Telecom Argentina during the 2nd quarter valued at $334,000. PFG Investments LLC bought a new stake in Telecom Argentina during the 2nd quarter valued at $104,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Telecom Argentina during the 2nd quarter valued at $174,000.

About Telecom Argentina

(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.

Further Reading

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