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



Telecom Argentina (NYSE: TEOGet a rating) was downgraded by equity researchers from StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Separately, TheStreet upgraded Telecom Argentina from a ‘d+’ to a ‘c-‘ rating in a Friday, July 8 research report.

Price performance of Telecom Argentina

NYSE TEO opened at $4.57 on Friday. Telecom Argentina has a 12-month low of $3.72 and a 12-month high of $6.59. The company’s fifty-day simple moving average is $4.50 and its two-hundred-day simple moving average is $5.14. The company has a current ratio of 0.33, a quick ratio of 0.45 and a debt ratio of 0.33. The company has a market capitalization of $1.97 billion, a P/E ratio of 5.02 and a beta of 0.48.

Institutional investors weigh on Telecom Argentina

Several institutional investors and hedge funds have recently changed their positions in the stock. MQS Management LLC bought a new position in Telecom Argentina in the 4th quarter for a value of $68,000. Virtu Financial LLC bought a new stock position in Telecom Argentina in the second quarter worth approximately $62,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Telecom Argentina stock during the fourth quarter worth approximately $107,000. Arrowstreet Capital Limited Partnership purchased a new stake in Telecom Argentina in the first quarter, valued at approximately $520,000. Finally, Autonomy Capital Jersey LP acquired a new stake in Telecom Argentina in the fourth quarter valued at approximately $918,000. 2.28% of the shares are currently held by institutional investors and hedge funds.

About Telecom Argentina

(Get a rating)

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The Company offers telephone services, including local, national and international long distance telephone services, as well as public telephone services; and other related supplementary services, such as call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing and maintenance services.

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