Telecom Argentina (NYSE:TEO - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Wednesday.
TEO has been the subject of a number of other research reports. The Goldman Sachs Group initiated coverage on shares of Telecom Argentina in a research note on Wednesday, October 23rd. They issued a "sell" rating for the company. Scotiabank downgraded Telecom Argentina from a "sector perform" rating to a "sector underperform" rating and upped their target price for the company from $5.70 to $6.10 in a report on Friday, September 20th.
Check Out Our Latest Stock Analysis on Telecom Argentina
Telecom Argentina Stock Performance
Telecom Argentina stock traded down $0.44 during mid-day trading on Wednesday, reaching $13.00. The company's stock had a trading volume of 211,073 shares, compared to its average volume of 192,335. Telecom Argentina has a twelve month low of $5.52 and a twelve month high of $14.13. The business has a 50 day moving average price of $9.15 and a 200-day moving average price of $8.03. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of -72.22 and a beta of 0.82.
Hedge Funds Weigh In On Telecom Argentina
Several institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new stake in Telecom Argentina during the second quarter worth approximately $334,000. B. Riley Wealth Advisors Inc. acquired a new position in Telecom Argentina during the 2nd quarter worth $174,000. Centiva Capital LP bought a new stake in Telecom Argentina during the third quarter valued at about $123,000. PFG Investments LLC acquired a new stake in shares of Telecom Argentina in the second quarter valued at about $104,000. Finally, Stifel Financial Corp acquired a new position in shares of Telecom Argentina during the 3rd quarter worth about $91,000.
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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