Telecom Argentina (NYSE:TEO) Rating Lowered to “Sell” at StockNews.com

Telecom Argentina (NYSE:TEO) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Other equities analysts have also recently issued research reports about the company. Scotiabank cut Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and lifted their price objective for the company from $5.70 to $6.10 in a report on Friday, September 20th. The Goldman Sachs Group assumed coverage on shares of Telecom Argentina in a report on Wednesday, October 23rd. They issued a “sell” rating for the company.

Telecom Argentina Trading Down 2.7 %

NYSE TEO traded down $0.30 during trading on Tuesday, reaching $10.83. 162,836 shares of the stock traded hands, compared to its average volume of 189,727. Telecom Argentina has a fifty-two week low of $4.88 and a fifty-two week high of $12.06. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.37. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 120.33 and a beta of 0.82. The stock’s 50-day moving average price is $8.44 and its 200 day moving average price is $7.80.

Telecom Argentina (NYSE:TEO) last released its quarterly earnings data on Thursday, August 15th. The utilities provider reported $0.15 EPS for the quarter. The business had revenue of $967.38 million during the quarter. Telecom Argentina had a net margin of 1.01% and a return on equity of 0.69%. Analysts predict that Telecom Argentina will post 1.71 EPS for the current year.

Institutional Investors Weigh In On Telecom Argentina

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in shares of Telecom Argentina during the 2nd quarter worth approximately $334,000. B. Riley Wealth Advisors Inc. acquired a new position in Telecom Argentina during the second quarter worth $174,000. Finally, PFG Investments LLC bought a new position in Telecom Argentina in the second quarter valued at $104,000.

About Telecom Argentina

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.