Telecom Argentina SA (NYSE:TEO) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $14.00.
Several research firms have issued reports on TEO. Zacks upgraded shares of Telecom Argentina SA from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, June 2nd. Goldman Sachs downgraded shares of Telecom Argentina SA from a “neutral” rating to a “sell” rating and reduced their price target for the company from $18.00 to $14.00 in a research report on Monday. Bank of America raised shares of Telecom Argentina SA from an “underperform” rating to a “neutral” rating in a report on Monday, September 21st. Raymond James raised shares of Telecom Argentina SA from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 28th. Finally, TheStreet upgraded Telecom Argentina SA from a “hold” rating to a “buy” rating in a research note on Thursday, September 17th.
Shares of Telecom Argentina SA (NYSE:TEO) traded down 8.77% on Monday, reaching $13.62. 119,290 shares of the company traded hands. The stock has a 50 day moving average of $15.95 and a 200 day moving average of $19.16. The stock has a market cap of $2.64 billion and a price-to-earnings ratio of 6.49. Telecom Argentina SA has a 52-week low of $13.36 and a 52-week high of $26.39.
Telecom Argentina SA (NYSE:TEO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. On average, analysts expect that Telecom Argentina SA will post $2.18 earnings per share for the current year.
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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