Brokerages Set Telecom Argentina SA (NYSE:TEO) PT at $21.20

Shares of Telecom Argentina SA (NYSE:TEO) have received a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.20.

An institutional investor recently bought a new position in Telecom Argentina SA stock. Simplex Trading bought a new stake in Telecom Argentina SA (NYSE:TEO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15 shares of the company’s stock, valued at approximately $0.

Telecom Argentina SA (NYSE:TEO) opened at 15.65 on Monday. The firm has a market capitalization of $3.03 billion and a price-to-earnings ratio of 11.06. The firm has a 50-day moving average price of $15.77 and a 200 day moving average price of $16.32. Telecom Argentina SA has a 12 month low of $13.36 and a 12 month high of $26.39.

Telecom Argentina SA (NYSE:TEO) last released its earnings results on Thursday, November 5th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.11. On average, equities analysts forecast that Telecom Argentina SA will post $1.95 EPS for the current year.

Several research firms have recently commented on TEO. Goldman Sachs raised Telecom Argentina SA from a “sell” rating to a “neutral” rating in a research note on Monday, November 23rd. Zacks Investment Research lowered Telecom Argentina SA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 4th. Santander raised their price target on Telecom Argentina SA from $19.80 to $21.20 and gave the stock a “buy” rating in a research report on Monday, December 14th. Finally, JPMorgan Chase Co. restated a “sell” rating on shares of Telecom Argentina SA in a research report on Tuesday, December 29th.

Telecom Argentina S.A. provides fixed-line telecommunications services and other telephone-related services, such as international long-distance service, data transmission, information technology (NYSE:TEO) solutions outsourcing and Internet services. The Company provides mobile telecommunications services and international wholesale services. It operates in three segments: Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services). Telecom Personal S.A. (Personal) is its subsidiary engaged in the provision of mobile telecommunication services in Argentina. Nucleo S.A. (Nucleo) is Personal’s subsidiary engaged in the provision of mobile telecommunication services in Paraguay. Personal Envios S.A. (Envios) is Nucleo’s subsidiary engaged in the provision of mobile financial services in Paraguay.

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