Telecom Argentina SA (NYSE:TEO) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, Market Beat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $14.00.
Shares of Telecom Argentina SA (NYSE:TEO) traded down 3.00% on Monday, hitting $13.90. The stock had a trading volume of 244,463 shares. The firm has a 50 day moving average of $15.57 and a 200 day moving average of $18.88. Telecom Argentina SA has a 12 month low of $13.36 and a 12 month high of $26.39. The stock has a market cap of $2.69 billion and a P/E ratio of 6.65.
Telecom Argentina SA (NYSE:TEO) last posted its earnings results on Tuesday, August 4th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. On average, equities analysts forecast that Telecom Argentina SA will post $2.18 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Zacks cut Telecom Argentina SA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Raymond James raised Telecom Argentina SA from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 28th. TheStreet raised Telecom Argentina SA from a “hold” rating to a “buy” rating in a report on Thursday, September 17th. Bank of America upgraded Telecom Argentina SA from an “underperform” rating to a “neutral” rating in a research report on Monday, September 21st. Finally, Goldman Sachs downgraded Telecom Argentina SA from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $18.00 to $14.00 in a research report on Monday, September 28th.
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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