Telecom Argentina S.A. (NYSE:TEO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.65 and traded as high as $12.97. Telecom Argentina shares last traded at $12.85, with a volume of 196,605 shares.
Analyst Upgrades and Downgrades
TEO has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Telecom Argentina from $7.30 to $8.30 and gave the company a "sell" rating in a report on Wednesday, November 20th. StockNews.com upgraded Telecom Argentina from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th.
Check Out Our Latest Research Report on TEO
Telecom Argentina Trading Down 0.5 %
The company has a market capitalization of $5.48 billion, a P/E ratio of -70.61 and a beta of 0.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.37. The business's 50-day moving average price is $13.14 and its two-hundred day moving average price is $9.67.
Institutional Investors Weigh In On Telecom Argentina
Several large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Telecom Argentina by 113.3% during the 4th quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider's stock valued at $49,000 after purchasing an additional 2,081 shares in the last quarter. XTX Topco Ltd acquired a new stake in Telecom Argentina during the 3rd quarter worth approximately $80,000. Stifel Financial Corp bought a new position in Telecom Argentina in the third quarter valued at approximately $91,000. Centiva Capital LP acquired a new position in shares of Telecom Argentina in the third quarter valued at approximately $123,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Telecom Argentina during the second quarter worth $174,000.
Telecom Argentina Company Profile
(
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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