Telecom Argentina SA (NYSE:TEO) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company.
Several research firms have recently weighed in 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 cut Telecom Argentina SA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 4th. Bank of America upgraded Telecom Argentina SA from an “underperform” rating to a “neutral” rating in a report on Monday, September 21st. TheStreet upgraded Telecom Argentina SA from a “hold” rating to a “buy” rating in a report on Thursday, September 17th. Finally, Santander raised Telecom Argentina SA from an “underperform” rating to a “buy” rating in a research note on Thursday, October 8th.
Shares of Telecom Argentina SA (NYSE:TEO) traded down 1.92% during mid-day trading on Monday, reaching $16.31. The company’s stock had a trading volume of 104,315 shares. The company’s 50 day moving average price is $17.56 and its 200-day moving average price is $17.20. Telecom Argentina SA has a 1-year low of $13.36 and a 1-year high of $26.39. The company has a market capitalization of $3.16 billion and a price-to-earnings ratio of 8.07.
Telecom Argentina SA (NYSE:TEO) last posted its earnings results on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.11. Analysts predict that Telecom Argentina SA will post $2.17 earnings per share for the current fiscal 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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