Telecom Argentina S.A. (NYSE:TEO - Get Free Report) dropped 4.3% during mid-day trading on Wednesday . The stock traded as low as $12.56 and last traded at $12.77. Approximately 164,527 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 198,674 shares. The stock had previously closed at $13.34.
Analyst Ratings Changes
Several analysts recently weighed in on TEO shares. The Goldman Sachs Group boosted 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. Scotiabank downgraded 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. Finally, StockNews.com raised Telecom Argentina from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th.
Get Our Latest Research Report on TEO
Telecom Argentina Stock Down 7.2 %
The stock's 50-day moving average price is $11.31 and its 200-day moving average price is $8.66. 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 cap of $5.33 billion, a price-to-earnings ratio of -68.77 and a beta of 0.92.
Institutional Trading of Telecom Argentina
A number of institutional investors have recently bought and sold shares of TEO. XTX Topco Ltd bought a new position in shares of Telecom Argentina during the 3rd quarter worth approximately $80,000. Stifel Financial Corp bought a new stake in Telecom Argentina in the third quarter valued at $91,000. Centiva Capital LP acquired a new position in shares of Telecom Argentina during the third quarter valued at about $123,000. Cubist Systematic Strategies LLC bought a new position in shares of Telecom Argentina during the 2nd quarter worth about $334,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Telecom Argentina in the 2nd quarter valued at about $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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