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

Telecom Argentina (NYSE:TEO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other research firms have also issued reports on TEO. Scotiabank lowered shares of Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and upped their target price for the stock from $5.70 to $6.10 in a report on Friday, September 20th. The Goldman Sachs Group began 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

Shares of NYSE TEO opened at $12.85 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.37. The company’s fifty day moving average price is $9.25 and its 200 day moving average price is $8.07. Telecom Argentina has a 1 year low of $5.52 and a 1 year high of $14.13.

Institutional Trading of Telecom Argentina

Several large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in shares of Telecom Argentina in the 3rd quarter valued at approximately $80,000. Stifel Financial Corp acquired a new position in Telecom Argentina in the third quarter valued at approximately $91,000. PFG Investments LLC purchased a new position in Telecom Argentina in the second quarter worth approximately $104,000. Centiva Capital LP acquired a new stake in Telecom Argentina during the third quarter worth $123,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Telecom Argentina in the second quarter valued at $174,000.

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.