Telecom Argentina S.A. (NYSE:TEO - Get Free Report) shares fell 7.2% on Tuesday . The company traded as low as $10.38 and last traded at $10.31. 70,171 shares were traded during trading, a decline of 67% from the average session volume of 214,745 shares. The stock had previously closed at $11.11.
Analyst Ratings Changes
A number of research firms recently weighed in on TEO. JPMorgan Chase & Co. raised shares of Telecom Argentina from a "neutral" rating to an "overweight" rating and raised their price target for the company from $10.00 to $13.00 in a research report on Tuesday, February 25th. Scotiabank raised their price target on shares of Telecom Argentina from $6.10 to $6.20 and gave the company a "sector underperform" rating in a research report on Thursday, March 13th.
Read Our Latest Stock Analysis on Telecom Argentina
Telecom Argentina Trading Up 2.9 %
The firm has a market cap of $4.84 billion, a P/E ratio of -62.47 and a beta of 0.99. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The firm's 50-day simple moving average is $11.71 and its 200 day simple moving average is $11.01.
Telecom Argentina (NYSE:TEO - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.47) by $0.64. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.19 billion. Telecom Argentina had a negative net margin of 1.91% and a negative return on equity of 1.26%. As a group, analysts expect that Telecom Argentina S.A. will post 1.28 earnings per share for the current year.
Hedge Funds Weigh In On Telecom Argentina
Several large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Telecom Argentina by 111.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,327,035 shares of the utilities provider's stock worth $29,297,000 after purchasing an additional 1,224,369 shares in the last quarter. Bosun Asset Management LLC purchased a new position in Telecom Argentina during the fourth quarter valued at approximately $1,031,000. JGP Global Gestao de Recursos Ltda. purchased a new position in Telecom Argentina during the fourth quarter valued at approximately $853,000. Freedom Investment Management Inc. purchased a new position in Telecom Argentina during the fourth quarter valued at approximately $577,000. Finally, Mariner LLC grew its stake in Telecom Argentina by 8.1% during the fourth quarter. Mariner LLC now owns 32,792 shares of the utilities provider's stock valued at $413,000 after acquiring an additional 2,467 shares in the last quarter.
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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