Shares of Telecom Argentina S.A. (NYSE:TEO - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 165,174 shares were traded during trading, a decline of 31% from the previous session's volume of 238,248 shares.The stock last traded at $12.09 and had previously closed at $12.10.
Analyst Upgrades and Downgrades
TEO has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Telecom Argentina from $7.30 to $8.30 and gave the stock a "sell" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Telecom Argentina from a "neutral" rating to an "overweight" rating and increased their target price for the company from $10.00 to $13.00 in a research report on Tuesday. Finally, StockNews.com upgraded shares of Telecom Argentina from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th.
View Our Latest Stock Report on TEO
Telecom Argentina Price Performance
The firm has a market capitalization of $4.96 billion, a P/E ratio of -63.99 and a beta of 0.92. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average price of $12.35 and a 200-day moving average price of $10.60.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Telecom Argentina by 113.3% in the fourth quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider's stock valued at $49,000 after acquiring an additional 2,081 shares during the period. Advisors Preferred LLC bought a new position in Telecom Argentina during the 4th quarter valued at about $75,000. XTX Topco Ltd purchased a new stake in Telecom Argentina in the 3rd quarter worth about $80,000. Stifel Financial Corp bought a new stake in Telecom Argentina in the third quarter worth about $91,000. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Telecom Argentina during the fourth quarter valued at approximately $106,000.
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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