Shares of Telecom Argentina SA (NYSE:TEO) hit a new 52-week low during mid-day trading on Monday , MarketBeat reports. The stock traded as low as $13.36 and last traded at $13.74, with a volume of 124,653 shares traded. The stock had previously closed at $14.93.
Several brokerages have issued reports on TEO. Zacks raised shares of Telecom Argentina SA from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, June 2nd. Goldman Sachs lowered shares of Telecom Argentina SA from a “neutral” rating to a “sell” rating and cut their price objective for the company from $18.00 to $14.00 in a 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 shares of Telecom Argentina SA from a “hold” rating to a “buy” rating in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.50.
The firm has a market capitalization of $2.68 billion and a P/E ratio of 6.60. The stock’s 50-day moving average price is $15.95 and its 200-day moving average price is $19.16.
Telecom Argentina SA (NYSE:TEO) last announced its earnings results on Tuesday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Analysts anticipate that Telecom Argentina SA will post $2.18 EPS 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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