Telecom Argentina (NYSE:TEO) was downgraded by equities researchers at HSBC from a “hold” rating to a “reduce” rating in a research note issued on Thursday, The Fly reports.
Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Telecom Argentina from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Saturday, February 3rd. Citigroup initiated coverage on Telecom Argentina in a research note on Monday, January 8th. They issued a “buy” rating and a $46.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Telecom Argentina has a consensus rating of “Buy” and a consensus price target of $36.75.
Telecom Argentina (TEO) opened at $34.09 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 0.93. The company has a market capitalization of $6,644.56, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.02 and a beta of 1.15. Telecom Argentina has a 52 week low of $20.51 and a 52 week high of $40.19.
Institutional investors have recently added to or reduced their stakes in the company. Castleark Management LLC acquired a new position in shares of Telecom Argentina in the fourth quarter valued at approximately $143,000. Envestnet Asset Management Inc. increased its stake in shares of Telecom Argentina by 72.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,105 shares of the utilities provider’s stock valued at $150,000 after buying an additional 1,729 shares during the period. Quantbot Technologies LP acquired a new position in shares of Telecom Argentina in the third quarter valued at approximately $165,000. Victory Capital Management Inc. acquired a new position in shares of Telecom Argentina in the fourth quarter valued at approximately $182,000. Finally, Advisor Group Inc. increased its stake in shares of Telecom Argentina by 41.1% in the fourth quarter. Advisor Group Inc. now owns 5,684 shares of the utilities provider’s stock valued at $208,000 after buying an additional 1,656 shares during the period. 7.36% of the stock is owned by institutional investors.
Telecom Argentina Company Profile
Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).
Receive News & Ratings for Telecom Argentina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom Argentina and related companies with MarketBeat.com's FREE daily email newsletter.