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

Telecom Argentina S.A. (NYSE:TEO)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.86 and traded as high as $13.10. Telecom Argentina shares last traded at $12.85, with a volume of 216,028 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TEO. StockNews.com upgraded Telecom Argentina from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group upped their target price on Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a report on Wednesday, November 20th.

Telecom Argentina Price Performance

The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average price of $13.06 and a two-hundred day moving average price of $9.86. The stock has a market capitalization of $5.53 billion, a P/E ratio of -71.36 and a beta of 0.93.

Institutional Investors Weigh In On Telecom Argentina

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Telecom Argentina by 113.3% in 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. Advisors Preferred LLC bought a new position in shares of Telecom Argentina in the 4th quarter worth approximately $75,000. XTX Topco Ltd bought a new position in shares of Telecom Argentina in the 3rd quarter worth approximately $80,000. Stifel Financial Corp purchased a new position in shares of Telecom Argentina in the third quarter worth approximately $91,000. Finally, Centiva Capital LP bought a new stake in Telecom Argentina during the third quarter valued at approximately $123,000.

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.