Telecom Argentina (NYSE:TEO) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Telecom Argentina (NYSE:TEO) from a hold rating to a sell rating in a report published on Friday.

Several other equities analysts have also issued reports on the company. Scotiabank lowered Telecom Argentina from a sector perform rating to a sector underperform rating and set a $5.70 target price on the stock. in a research note on Friday, November 24th. TheStreet raised Telecom Argentina from a d+ rating to a c rating in a report on Tuesday, December 5th.

Telecom Argentina Price Performance

Telecom Argentina stock opened at $7.79 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.41 and a current ratio of 0.44. Telecom Argentina has a 12 month low of $4.21 and a 12 month high of $8.87. The business has a 50 day simple moving average of $7.32 and a 200-day simple moving average of $6.59.

Hedge Funds Weigh In On Telecom Argentina

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC bought a new position in shares of Telecom Argentina in the fourth quarter worth about $25,000. Tower Research Capital LLC TRC bought a new position in Telecom Argentina in the 3rd quarter worth approximately $37,000. Bank of America Corp DE raised its position in shares of Telecom Argentina by 627.6% during the 4th quarter. Bank of America Corp DE now owns 10,085 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 8,699 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Telecom Argentina during the 1st quarter valued at $62,000. Finally, Virtu Financial LLC acquired a new position in shares of Telecom Argentina in the 2nd quarter valued at $62,000.

Telecom Argentina Company Profile

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.