Telecom Argentina S.A. (NYSE:TEO - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $10.18, but opened at $11.24. Telecom Argentina shares last traded at $11.24, with a volume of 42,604 shares trading hands.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Scotiabank cut shares of Telecom Argentina from a "sector perform" rating to a "sector underperform" rating and boosted their target price for the company from $5.70 to $6.10 in a research note on Friday, September 20th. The Goldman Sachs Group assumed coverage on shares of Telecom Argentina in a research note on Wednesday, October 23rd. They issued a "sell" rating on the stock.
Read Our Latest Stock Report on TEO
Telecom Argentina Stock Up 4.2 %
The company has a market capitalization of $5.04 billion, a PE ratio of 130.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.46 and a current ratio of 0.49. The stock's 50 day moving average is $8.27 and its 200 day moving average is $7.75.
Telecom Argentina (NYSE:TEO - Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The utilities provider reported $0.15 EPS for the quarter. The company had revenue of $967.38 million for the quarter. Telecom Argentina had a net margin of 1.01% and a return on equity of 0.69%. On average, sell-side analysts anticipate that Telecom Argentina S.A. will post 1.71 EPS for the current fiscal year.
Institutional Trading of Telecom Argentina
Institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in Telecom Argentina in the 2nd quarter worth approximately $334,000. B. Riley Wealth Advisors Inc. purchased a new stake in Telecom Argentina in the 2nd quarter worth approximately $174,000. Finally, PFG Investments LLC purchased a new stake in Telecom Argentina in the 2nd quarter worth approximately $104,000.
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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