Telecom Argentina SA (NYSE:TEO) shares fell 3.6% on Friday , Market Beat.com reports. The stock traded as low as $13.55 and last traded at $13.81, with a volume of 102,792 shares. The stock had previously closed at $14.33.
Several research firms have commented on TEO. Bank of America upgraded shares of Telecom Argentina SA from an “underperform” rating to a “neutral” rating in a research report on Monday, September 21st. TheStreet raised shares of Telecom Argentina SA from a “hold” rating to a “buy” rating in a research report on Thursday, September 17th. Zacks upgraded shares of Telecom Argentina SA from a “sell” rating to a “hold” rating in a research note on Monday, September 21st. Goldman Sachs downgraded shares of Telecom Argentina SA from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $18.00 to $14.00 in a research note on Monday. Finally, Raymond James upgraded shares of Telecom Argentina SA from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.50.
The firm’s 50 day moving average is $15.57 and its 200 day moving average is $18.88. The stock has a market capitalization of $2.69 billion and a P/E ratio of 6.65.
Telecom Argentina SA (NYSE:TEO) last issued its earnings results on Tuesday, August 4th. The company reported $0.54 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 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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