Telecom Argentina S.A. (NYSE:TEO - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $15.05 and last traded at $14.66, with a volume of 67619 shares trading hands. The stock had previously closed at $14.18.
Analysts Set New Price Targets
A number of research firms have issued reports on TEO. StockNews.com upgraded Telecom Argentina from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Scotiabank lowered shares of 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. Finally, The Goldman Sachs Group increased their price objective on shares of Telecom Argentina from $7.30 to $8.30 and gave the company a "sell" rating in a research note on Wednesday, November 20th.
View Our Latest Research Report on Telecom Argentina
Telecom Argentina Price Performance
The business has a 50-day moving average of $12.50 and a two-hundred day moving average of $9.16. 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 market cap of $6.10 billion, a P/E ratio of -78.72 and a beta of 0.93.
Institutional Trading of Telecom Argentina
Several hedge funds and other institutional investors have recently made changes to their positions in TEO. Cubist Systematic Strategies LLC acquired a new stake in Telecom Argentina during the 2nd quarter worth approximately $334,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Telecom Argentina during the second quarter valued at $174,000. Centiva Capital LP acquired a new position in shares of Telecom Argentina during the third quarter worth $123,000. PFG Investments LLC bought a new stake in shares of Telecom Argentina in the second quarter worth $104,000. Finally, Stifel Financial Corp acquired a new stake in Telecom Argentina in the third quarter valued at $91,000.
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.
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