Telecom Argentina S.A. (NYSE:TEO - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $11.09, but opened at $10.50. Telecom Argentina shares last traded at $10.96, with a volume of 96,281 shares traded.
Analyst Ratings Changes
Several analysts have issued reports on TEO shares. The Goldman Sachs Group raised their price objective on shares of Telecom Argentina from $7.30 to $8.30 and gave the stock a "sell" rating in a research note on Wednesday, November 20th. StockNews.com raised shares of Telecom Argentina from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th.
Read Our Latest Report on TEO
Telecom Argentina Stock Down 2.9 %
The company's 50 day moving average price is $12.45 and its two-hundred day moving average price is $10.43. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.00 billion, a P/E ratio of -64.54 and a beta of 0.92.
Institutional Trading of Telecom Argentina
Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of Telecom Argentina by 113.3% during the fourth quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider's stock valued at $49,000 after acquiring an additional 2,081 shares in the last quarter. Mariner LLC increased its holdings in Telecom Argentina by 8.1% during the fourth quarter. Mariner LLC now owns 32,792 shares of the utilities provider's stock valued at $413,000 after buying an additional 2,467 shares during the period. Advisors Preferred LLC purchased a new position in Telecom Argentina during the fourth quarter valued at approximately $75,000. XTX Topco Ltd increased its holdings in Telecom Argentina by 64.7% during the fourth quarter. XTX Topco Ltd now owns 17,510 shares of the utilities provider's stock valued at $220,000 after buying an additional 6,878 shares during the period. Finally, Atlas Capital Advisors Inc. purchased a new position in Telecom Argentina during the fourth quarter valued at approximately $106,000.
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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