JPMorgan Chase Co. reiterated their sell rating on shares of Telecom Argentina SA (NYSE:TEO) in a research note released on Tuesday, Marketbeat reports.
Several other research firms have also commented on TEO. TheStreet upgraded shares of Telecom Argentina SA from a hold rating to a buy rating in a research note on Thursday, September 17th. Goldman Sachs upgraded shares of Telecom Argentina SA from a sell rating to a neutral rating in a research note on Monday, November 23rd. Santander upgraded shares of Telecom Argentina SA from an underperform rating to a buy rating in a research note on Thursday, October 8th. Zacks Investment Research upgraded shares of Telecom Argentina SA from a sell rating to a hold rating in a research note on Monday, September 21st. Finally, Bank of America upgraded shares of Telecom Argentina SA from an underperform rating to a neutral rating in a research note on Monday, September 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Telecom Argentina SA currently has an average rating of Hold and an average price target of $17.07.
Shares of Telecom Argentina SA (NYSE:TEO) opened at 16.53 on Tuesday. Telecom Argentina SA has a 52 week low of $13.36 and a 52 week high of $26.39. The company has a 50 day moving average price of $17.11 and a 200 day moving average price of $16.71. The company has a market capitalization of $3.20 billion and a PE ratio of 11.02.
Telecom Argentina SA (NYSE:TEO) last announced its quarterly 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. On average, equities research analysts expect that Telecom Argentina SA will post $1.99 earnings per share 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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