Telecom Argentina S.A. (NYSE:TEO - Get Free Report)'s share price rose 4.5% during trading on Tuesday . The stock traded as high as $10.90 and last traded at $10.96. Approximately 44,782 shares were traded during trading, a decline of 79% from the average daily volume of 213,008 shares. The stock had previously closed at $10.49.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on TEO. JPMorgan Chase & Co. raised Telecom Argentina from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $10.00 to $13.00 in a research report on Tuesday, February 25th. Scotiabank boosted their target price on Telecom Argentina from $6.10 to $6.20 and gave the stock a "sector underperform" rating in a report on Thursday, March 13th.
Check Out Our Latest Analysis on Telecom Argentina
Telecom Argentina Trading Down 1.2 %
The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of -58.11 and a beta of 0.99. The company's 50 day moving average is $11.49 and its 200 day moving average is $11.12.
Telecom Argentina (NYSE:TEO - Get Free Report) last released its earnings results on Friday, February 28th. The utilities provider reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of ($0.47) by $0.64. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.19 billion. Telecom Argentina had a negative return on equity of 1.26% and a negative net margin of 1.91%. On average, research analysts forecast that Telecom Argentina S.A. will post 1.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of TEO. GAMMA Investing LLC boosted its stake in Telecom Argentina by 113.3% during the fourth quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider's stock worth $49,000 after buying an additional 2,081 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Telecom Argentina during the 4th quarter valued at about $75,000. Atlas Capital Advisors Inc. bought a new stake in Telecom Argentina in the fourth quarter valued at about $106,000. OLD Mission Capital LLC acquired a new position in Telecom Argentina in the fourth quarter worth about $133,000. Finally, XTX Topco Ltd bought a new position in Telecom Argentina during the third quarter worth about $80,000.
About Telecom Argentina
(
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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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