Telecom Argentina (NYSE:TEO) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Telecom Argentina (NYSE:TEOGet Rating) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Separately, Zacks Investment Research downgraded shares of Telecom Argentina from a buy rating to a hold rating in a research note on Thursday, May 12th.

TEO stock traded up $0.28 during trading hours on Monday, reaching $5.36. 58,140 shares of the stock were exchanged, compared to its average volume of 117,553. The firm’s 50-day moving average is $5.69 and its 200-day moving average is $5.33. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 10.94 and a beta of 0.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.46 and a quick ratio of 0.45. Telecom Argentina has a 12 month low of $4.72 and a 12 month high of $6.59.

Telecom Argentina (NYSE:TEOGet Rating) last posted its quarterly earnings data on Wednesday, March 9th. The utilities provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. Telecom Argentina had a net margin of 4.84% and a return on equity of 3.89%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $980.13 million. As a group, equities research analysts forecast that Telecom Argentina will post -0.32 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. MQS Management LLC acquired a new stake in Telecom Argentina in the 4th quarter valued at about $68,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Telecom Argentina in the 4th quarter valued at about $107,000. Schonfeld Strategic Advisors LLC lifted its stake in Telecom Argentina by 3.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 73,500 shares of the utilities provider’s stock valued at $363,000 after purchasing an additional 2,600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Telecom Argentina by 40.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 219,154 shares of the utilities provider’s stock valued at $1,118,000 after purchasing an additional 63,423 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Telecom Argentina by 230.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 35,765 shares of the utilities provider’s stock valued at $182,000 after purchasing an additional 24,957 shares during the last quarter. Institutional investors and hedge funds own 2.28% of the company’s stock.

Telecom Argentina Company Profile (Get Rating)

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company offers telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; and other related supplementary services, such as call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services.

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