Telecom Argentina (NYSE:TEO - Get Free Report) was upgraded by JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued on Tuesday, MarketBeat.com reports. The firm presently has a $13.00 price objective on the utilities provider's stock, up from their previous price objective of $10.00. JPMorgan Chase & Co.'s price objective suggests a potential upside of 12.86% from the stock's current price.
Several other equities research analysts have also weighed in on TEO. The Goldman Sachs Group lifted their price objective on 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 shares of Telecom Argentina from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th.
Check Out Our Latest Analysis on TEO
Telecom Argentina Stock Performance
NYSE TEO traded up $0.42 during trading hours on Tuesday, reaching $11.52. 311,982 shares of the company were exchanged, compared to its average volume of 249,961. The stock has a market capitalization of $4.96 billion, a P/E ratio of -63.99 and a beta of 0.92. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. Telecom Argentina has a 1 year low of $5.52 and a 1 year high of $15.53. The business's 50 day simple moving average is $12.36 and its 200-day simple moving average is $10.57.
Institutional Trading of Telecom Argentina
Institutional investors have recently added to or reduced their stakes in the stock. Centiva Capital LP purchased a new stake in Telecom Argentina in the 3rd quarter worth approximately $123,000. Stifel Financial Corp purchased a new stake in shares of Telecom Argentina in the third quarter worth $91,000. XTX Topco Ltd bought a new stake in Telecom Argentina during the third quarter valued at $80,000. GAMMA Investing LLC grew its position 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. Finally, JGP Global Gestao de Recursos Ltda. bought a new position in Telecom Argentina in the 4th quarter worth about $853,000.
Telecom Argentina Company Profile
(
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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