Telecom Argentina (NYSE:TEO) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Telecom Argentina S.A. (NYSE:TEO) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.39 and traded as high as $13.39. Telecom Argentina shares last traded at $12.76, with a volume of 249,446 shares traded.

Analysts Set New Price Targets

TEO has been the topic of a number of research reports. Scotiabank lowered shares of Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and increased their target price for the stock from $5.70 to $6.10 in a report on Friday, September 20th. StockNews.com upgraded Telecom Argentina from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group boosted their target price on Telecom Argentina from $7.30 to $8.30 and gave the stock a “sell” rating in a research note on Wednesday, November 20th.

Telecom Argentina Stock Down 7.0 %

The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $12.93 and a two-hundred day simple moving average of $9.39. The company has a market capitalization of $5.50 billion, a PE ratio of -70.88 and a beta of 0.93.

Institutional Investors Weigh In On Telecom Argentina

A number of hedge funds and other institutional investors have recently bought and sold shares of TEO. GAMMA Investing LLC raised its holdings in Telecom Argentina by 113.3% during the fourth quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 2,081 shares during the last quarter. XTX Topco Ltd purchased a new position in Telecom Argentina during the 3rd quarter valued at about $80,000. Stifel Financial Corp purchased a new position in Telecom Argentina during the 3rd quarter valued at about $91,000. Centiva Capital LP acquired a new position in shares of Telecom Argentina during the 3rd quarter worth approximately $123,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Telecom Argentina in the second quarter valued at $174,000.

About Telecom Argentina

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.