Brokerage firm Santander Upgrades its rating on Telecom Argentina(NYSE:TEO). The shares have been rated Buy. Previously, the analysts had a Underperform rating on the counter. The rating by Santander was issued on Oct 8, 2015.
Institutional Investors own 18.5% of Company shares. During last 3 month period, 1.18% of total institutional ownership has changed in the company shares.
The company shares have dropped 29.66% in the past 52 Weeks. On March 18, 2015 The shares registered one year high of $26.39 and one year low was seen on September 28, 2015 at $13.36. The 50-day moving average is $15.57 and the 200 day moving average is recorded at $18.88. SP 500 has rallied 0.84% during the last 52-weeks. Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO): The mean estimate for the short term price target for Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) stands at $20 according to 3 Analysts. The higher price target estimate for the stock has been calculated at $22 while the lower price target estimate is at $18.
Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) : On Monday heightened volatility was witnessed in Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) which led to swings in the share price. The shares opened for trading at $14.04 and hit $14.58 on the upside , eventually ending the session at $14.58, with a gain of 4.89% or 0.68 points. The heightened volatility saw the trading volume jump to 86,794 shares. The 52-week high of the share price is $26.39 and the company has a market cap of $1,406 million. The 52-week low of the share price is at $13.3604 .
Telecom Argentina SA, (Telecom), is an Argentina-based company primarily engaged in the provision of national fixed-line telecommunication services, international long-distance service, data transmission and Internet services, as well as mobile telephony. The Company also offers such solutions as online business and Web hosting, virtual private network (VPN), mobile operating systems developed by Microsoft and Blackberry, toll-free telephone numbers, call centers and voice over Internet protocol (VoIP) line, as well as other services mainly aimed at corporate clients. As of December 31, 2012, the Company owned its subsidiaries structured in two business segments, Fixed Telephony, which comprised Telecom Argentina USA Inc and Micro Sistemas SA; and Mobile Services, with Telecom Personal SA, Nucleo SA and Springville SA.
LEAVE A REPLY Cancel reply