Telecom Argentina S.A. (NYSE:TEO - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.39 and traded as high as $13.39. Telecom Argentina shares last traded at $12.76, with a volume of 249,446 shares.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on TEO. The Goldman Sachs Group upped their target price on Telecom Argentina from $7.30 to $8.30 and gave the company a "sell" rating in a research report on Wednesday, November 20th. Scotiabank downgraded shares of Telecom Argentina from a "sector perform" rating to a "sector underperform" rating and increased their price objective for the stock from $5.70 to $6.10 in a research note on Friday, September 20th. Finally, StockNews.com raised shares of Telecom Argentina from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th.
Get Our Latest Research Report on Telecom Argentina
Telecom Argentina Price Performance
The company has a fifty day simple moving average of $12.93 and a 200 day simple moving average of $9.39. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of -74.16 and a beta of 0.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.40.
Hedge Funds Weigh In On Telecom Argentina
Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Telecom Argentina by 113.3% in the fourth quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider's stock worth $49,000 after acquiring an additional 2,081 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Telecom Argentina during the third quarter worth approximately $80,000. Stifel Financial Corp bought a new position in shares of Telecom Argentina in the 3rd quarter worth $91,000. Centiva Capital LP acquired a new stake in Telecom Argentina in the 3rd quarter valued at $123,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Telecom Argentina during the 2nd quarter valued at $174,000.
Telecom Argentina Company Profile
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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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