Telecom Argentina S.A. (NYSE:TEO - Get Free Report) dropped 3.3% during trading on Wednesday . The stock traded as low as $12.86 and last traded at $12.88. Approximately 121,739 shares were traded during trading, a decline of 63% from the average daily volume of 325,521 shares. The stock had previously closed at $13.32.
Analysts Set New Price Targets
TEO has been the topic of several recent research reports. Scotiabank downgraded shares of Telecom Argentina from a "sector perform" rating to a "sector underperform" rating and upped their price objective for the company from $5.70 to $6.10 in a report on Friday, September 20th. StockNews.com raised shares of Telecom Argentina from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group lifted their price objective on Telecom Argentina from $7.30 to $8.30 and gave the company a "sell" rating in a research note on Wednesday, November 20th.
View Our Latest Research Report on TEO
Telecom Argentina Stock Down 1.9 %
The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of -72.61 and a beta of 0.93. The business's 50 day moving average price is $13.00 and its 200 day moving average price is $9.43.
Institutional Trading of Telecom Argentina
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Telecom Argentina by 113.3% in the fourth quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider's stock worth $49,000 after acquiring an additional 2,081 shares during the period. XTX Topco Ltd acquired a new position in Telecom Argentina in the 3rd quarter worth about $80,000. Stifel Financial Corp purchased a new position in Telecom Argentina during the third quarter worth approximately $91,000. Centiva Capital LP acquired a new stake in Telecom Argentina in the third quarter valued at approximately $123,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Telecom Argentina in the second quarter valued at approximately $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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