Shares of Telecom Argentina S.A. (NYSE:TEO - Get Free Report) fell 5.1% during trading on Monday . The stock traded as low as $12.54 and last traded at $12.69. 132,741 shares were traded during mid-day trading, a decline of 34% from the average session volume of 200,516 shares. The stock had previously closed at $13.37.
Analyst Ratings Changes
TEO has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price 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. StockNews.com upgraded Telecom Argentina from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, Scotiabank cut Telecom Argentina from a "sector perform" rating to a "sector underperform" rating and lifted their target price for the stock from $5.70 to $6.10 in a report on Friday, September 20th.
Get Our Latest Research Report on TEO
Telecom Argentina Stock Down 4.9 %
The business has a 50-day moving average price of $11.89 and a 200 day moving average price of $8.91. 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 stock has a market capitalization of $5.47 billion, a P/E ratio of -70.61 and a beta of 0.92.
Institutional Trading of Telecom Argentina
Several hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in Telecom Argentina during the third quarter worth approximately $80,000. Stifel Financial Corp bought a new position in shares of Telecom Argentina during the 3rd quarter valued at approximately $91,000. PFG Investments LLC purchased a new stake in Telecom Argentina during the 2nd quarter valued at $104,000. Centiva Capital LP bought a new stake in Telecom Argentina in the third quarter worth $123,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Telecom Argentina during the second quarter worth $174,000.
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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