Telecom Argentina S.A. (NYSE:TEO - Get Free Report) shares rose 7.4% during trading on Tuesday . The company traded as high as $10.15 and last traded at $10.16. Approximately 186,090 shares changed hands during trading, a decline of 11% from the average daily volume of 208,648 shares. The stock had previously closed at $9.46.
Wall Street Analysts Forecast Growth
TEO has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded Telecom Argentina from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $10.00 to $13.00 in a research note on Tuesday, February 25th. Scotiabank reaffirmed an "underperform" rating on shares of Telecom Argentina in a report on Thursday, May 15th. Finally, The Goldman Sachs Group lifted their target price on Telecom Argentina from $8.30 to $9.50 and gave the company a "sell" rating in a report on Wednesday, April 23rd.
View Our Latest Stock Analysis on Telecom Argentina
Telecom Argentina Stock Down 4.8%
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 firm has a market capitalization of $4.14 billion, a P/E ratio of -53.44 and a beta of 1.21. The company has a fifty day simple moving average of $10.21 and a 200 day simple moving average of $11.48.
Telecom Argentina (NYSE:TEO - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.44. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.08 billion. Telecom Argentina had a negative return on equity of 1.26% and a negative net margin of 1.91%. On average, equities analysts expect that Telecom Argentina S.A. will post 1.28 EPS for the current fiscal year.
Institutional Investors Weigh In On Telecom Argentina
Large investors have recently modified their holdings of the business. Atlas Capital Advisors Inc. purchased a new position in Telecom Argentina in the 4th quarter worth $106,000. OLD Mission Capital LLC purchased a new stake in Telecom Argentina during the 4th quarter valued at about $133,000. Hsbc Holdings PLC acquired a new position in shares of Telecom Argentina in the first quarter valued at about $119,000. NewEdge Advisors LLC purchased a new position in shares of Telecom Argentina in the fourth quarter worth about $202,000. Finally, XTX Topco Ltd lifted its holdings in shares of Telecom Argentina by 64.7% during the fourth quarter. XTX Topco Ltd now owns 17,510 shares of the utilities provider's stock worth $220,000 after purchasing an additional 6,878 shares during the period.
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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