Shares of Telecom Argentina S.A. (NYSE:TEO - Get Free Report) traded down 6% on Friday . The company traded as low as $11.76 and last traded at $11.65. 13,250 shares traded hands during trading, a decline of 94% from the average session volume of 240,280 shares. The stock had previously closed at $12.40.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Telecom Argentina from $7.30 to $8.30 and gave the stock a "sell" rating in a report on Wednesday, November 20th. StockNews.com upgraded Telecom Argentina from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th.
Check Out Our Latest Report on TEO
Telecom Argentina Trading Down 6.9 %
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 firm has a market cap of $4.69 billion, a price-to-earnings ratio of -60.61 and a beta of 0.92. The company has a fifty day moving average price of $12.85 and a 200-day moving average price of $10.16.
Institutional Trading of Telecom Argentina
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp purchased a new stake in shares of Telecom Argentina during the 3rd quarter worth about $91,000. Cubist Systematic Strategies LLC acquired a new stake in Telecom Argentina in the second quarter valued at approximately $334,000. JGP Global Gestao de Recursos Ltda. purchased a new stake in shares of Telecom Argentina in the fourth quarter valued at approximately $853,000. XTX Topco Ltd acquired a new position in shares of Telecom Argentina during the 3rd quarter worth approximately $80,000. Finally, Centiva Capital LP purchased a new position in shares of Telecom Argentina during the 3rd quarter valued at approximately $123,000.
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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