Telecom Argentina S.A. (NYSE:TEO - Get Free Report)'s stock price traded up 2.9% during mid-day trading on Friday . The company traded as high as $13.39 and last traded at $13.28. 66,829 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 199,798 shares. The stock had previously closed at $12.90.
Analyst Ratings Changes
Several equities research analysts have issued reports on TEO shares. StockNews.com raised shares of Telecom Argentina from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. The Goldman Sachs Group lifted their target price 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. Finally, Scotiabank lowered Telecom Argentina from a "sector perform" rating to a "sector underperform" rating and increased their price target for the stock from $5.70 to $6.10 in a research note on Friday, September 20th.
View Our Latest Stock Report on Telecom Argentina
Telecom Argentina Trading Up 3.6 %
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 business's fifty day moving average is $11.89 and its 200-day moving average is $8.88. The stock has a market capitalization of $5.76 billion, a PE ratio of -74.27 and a beta of 0.92.
Hedge Funds Weigh In On Telecom Argentina
Several hedge funds and other institutional investors have recently modified their holdings of TEO. Cubist Systematic Strategies LLC purchased a new position in Telecom Argentina in the second quarter valued at approximately $334,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Telecom Argentina in the second quarter worth $174,000. Centiva Capital LP purchased a new position in shares of Telecom Argentina in the 3rd quarter valued at $123,000. PFG Investments LLC acquired a new position in shares of Telecom Argentina during the 2nd quarter valued at $104,000. Finally, Stifel Financial Corp purchased a new stake in Telecom Argentina during the 3rd quarter worth $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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