Shares of Telecom Argentina SA (NYSE:TEO) have earned an average broker rating score of 3.50 (Sell) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has issued a sell recommendation, one has given a hold recommendation and one has assigned a buy recommendation to the company. Telecom Argentina SA’s rating score has improved by 6.7% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $18.50 for the company and are predicting that the company will post $0.52 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Telecom Argentina SA an industry rank of 243 out of 265 based on the ratings given to related companies.
Telecom Argentina SA (NYSE:TEO) opened at 16.12 on Monday. The stock has a market capitalization of $3.12 billion and a P/E ratio of 7.52. The firm’s 50 day moving average is $18.00 and its 200 day moving average is $20.62. Telecom Argentina SA has a 1-year low of $15.93 and a 1-year high of $26.39.
Telecom Argentina SA (NYSE:TEO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. On average, equities research analysts anticipate that Telecom Argentina SA will post $2.08 earnings per share for the current year.
A number of brokerages recently weighed in on TEO. TheStreet raised Telecom Argentina SA from a “hold” rating to a “buy” rating in a report on Tuesday, May 19th. Zacks downgraded Telecom Argentina SA from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Finally, Raymond James upgraded Telecom Argentina SA from a “market perform” rating to an “outperform” rating in a research report on Tuesday.
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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