Telecom Argentina S.A. (NYSE:TEO - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.33 and traded as high as $11.25. Telecom Argentina shares last traded at $11.10, with a volume of 107,008 shares.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on TEO shares. StockNews.com upgraded shares of Telecom Argentina from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. The Goldman Sachs Group lifted their price target 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.
View Our Latest Stock Report on Telecom Argentina
Telecom Argentina Price Performance
The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.37. The stock's 50 day simple moving average is $12.49 and its two-hundred day simple moving average is $10.39. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of -64.54 and a beta of 0.92.
Institutional Investors Weigh In On Telecom Argentina
Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Mariner LLC boosted its stake in shares of Telecom Argentina by 8.1% in the 4th quarter. Mariner LLC now owns 32,792 shares of the utilities provider's stock valued at $413,000 after purchasing an additional 2,467 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Telecom Argentina in the 4th quarter valued at $75,000. XTX Topco Ltd boosted its stake in shares of Telecom Argentina by 64.7% in the 4th quarter. XTX Topco Ltd now owns 17,510 shares of the utilities provider's stock valued at $220,000 after purchasing an additional 6,878 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Telecom Argentina in the 4th quarter valued at $106,000.
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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