Telecom Argentina SA (NYSE:TEO) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Shares of Telecom Argentina SA (NYSE:TEO) opened at 16.19 on Tuesday. Telecom Argentina SA has a 1-year low of $15.93 and a 1-year high of $26.39. The stock’s 50-day moving average is $18.20 and its 200-day moving average is $20.68. The company has a market cap of $3.14 billion and a P/E ratio of 7.55.
Telecom Argentina SA (NYSE:TEO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.03. On average, analysts predict that Telecom Argentina SA will post $2.08 earnings per share for the current fiscal year.
A number of other research firms also recently issued reports on TEO. Zacks downgraded shares of Telecom Argentina SA from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. TheStreet raised shares of Telecom Argentina SA from a “hold” rating to a “buy” rating in a research report on Tuesday, May 19th.
Telecom Argentina SA, (NYSE:TEO), 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.
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