Shares of Telecom Argentina S.A. (NYSE:TEO - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.86 and traded as high as $13.10. Telecom Argentina shares last traded at $12.85, with a volume of 216,028 shares.
Analyst Ratings Changes
Several research firms have commented on TEO. The Goldman Sachs Group boosted their target price on shares of Telecom Argentina from $7.30 to $8.30 and gave the stock a "sell" rating in a research report on Wednesday, November 20th. StockNews.com raised shares of Telecom Argentina from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th.
Read Our Latest Analysis on TEO
Telecom Argentina Trading Down 2.8 %
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 company's fifty day moving average is $13.04 and its 200-day moving average is $9.94. The firm has a market capitalization of $5.11 billion, a P/E ratio of -65.86 and a beta of 0.92.
Institutional Trading of Telecom Argentina
A number of hedge funds have recently bought and sold shares of TEO. GAMMA Investing LLC boosted its holdings in Telecom Argentina by 113.3% in 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 during the period. Advisors Preferred LLC bought a new stake in Telecom Argentina in the 4th quarter valued at $75,000. XTX Topco Ltd bought a new stake in Telecom Argentina in the 3rd quarter valued at $80,000. Stifel Financial Corp bought a new stake in Telecom Argentina in the 3rd quarter valued at $91,000. Finally, Centiva Capital LP acquired a new position in shares of Telecom Argentina in the 3rd quarter valued at $123,000.
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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