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

StockNews.com lowered shares of Telecom Argentina (NYSE:TEO) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

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

Telecom Argentina Price Performance

Shares of NYSE:TEO opened at $13.01 on Tuesday. 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 has a 1 year low of $4.88 and a 1 year high of $13.25. The firm has a fifty day moving average price of $8.70 and a 200 day moving average price of $7.89.

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

Institutional Trading of Telecom Argentina

Hedge funds have recently added to or reduced their stakes in the business. PFG Investments LLC acquired a new position in shares of Telecom Argentina during the second quarter worth approximately $104,000. B. Riley Wealth Advisors Inc. bought a new position in Telecom Argentina during the second quarter worth $174,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Telecom Argentina during the 2nd quarter valued at $334,000.

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.