Telecom Argentina S.A. (NYSE:TEO - Get Free Report)'s share price shot up 7.2% during mid-day trading on Thursday . The stock traded as high as $13.50 and last traded at $13.50. 84,728 shares changed hands during trading, a decline of 58% from the average session volume of 200,579 shares. The stock had previously closed at $12.59.
Analyst Ratings Changes
TEO has been the subject of a number of analyst reports. Scotiabank lowered shares of Telecom Argentina from a "sector perform" rating to a "sector underperform" rating and boosted their price objective for the company from $5.70 to $6.10 in a research report on Friday, September 20th. The Goldman Sachs Group boosted their price target on Telecom Argentina from $7.30 to $8.30 and gave the company a "sell" rating in a report on Wednesday, November 20th. Finally, StockNews.com upgraded Telecom Argentina from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th.
Check Out Our Latest Analysis on Telecom Argentina
Telecom Argentina Stock Performance
The company has a market cap of $5.94 billion, a PE ratio of -76.66 and a beta of 0.92. The stock's 50 day simple moving average is $12.17 and its two-hundred day simple moving average is $9.01. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.31.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in shares of Telecom Argentina in the 2nd quarter valued at $334,000. B. Riley Wealth Advisors Inc. acquired a new stake in Telecom Argentina in the 2nd quarter valued at $174,000. Centiva Capital LP purchased a new position in Telecom Argentina in the third quarter valued at about $123,000. PFG Investments LLC acquired a new position in shares of Telecom Argentina during the second quarter worth about $104,000. Finally, Stifel Financial Corp purchased a new stake in shares of Telecom Argentina in the third quarter worth about $91,000.
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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