Telecom Argentina (NYSE:TEO) Lowered to “Sell” Rating 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 Tuesday.

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

Telecom Argentina Price Performance

NYSE:TEO opened at $13.18 on Tuesday. The stock has a 50 day moving average of $8.82 and a two-hundred day moving average of $7.92. Telecom Argentina has a 12 month low of $5.02 and a 12 month high of $13.53. The company has a current ratio of 0.40, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31.

Telecom Argentina (NYSE:TEO) last issued its quarterly earnings results on Thursday, August 15th. The utilities provider reported $0.15 EPS for the quarter. The firm had revenue of $967.38 million during the quarter. Telecom Argentina had a negative return on equity of 1.26% and a negative net margin of 1.91%. Analysts expect that Telecom Argentina will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Telecom Argentina in the second quarter valued at about $334,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Telecom Argentina in the 2nd quarter valued at approximately $174,000. Centiva Capital LP purchased a new stake in shares of Telecom Argentina in the 3rd quarter valued at approximately $123,000. PFG Investments LLC acquired a new stake in shares of Telecom Argentina during the 2nd quarter worth approximately $104,000. Finally, Stifel Financial Corp purchased a new stake in shares of Telecom Argentina during the 3rd quarter valued at approximately $91,000.

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.