Telecom Argentina (NYSE:TEO) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Telecom Argentina (NYSE:TEO) from a hold rating to a sell rating in a research note published on Tuesday morning.

Several other equities analysts also recently issued reports on TEO. The Goldman Sachs Group started coverage on Telecom Argentina in a research report on Wednesday, October 23rd. They issued a “sell” rating for the company. Scotiabank downgraded shares of Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and upped their price target for the stock from $5.70 to $6.10 in a research report on Friday, September 20th.

Telecom Argentina Trading Up 12.2 %

NYSE:TEO opened at $13.01 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.46. Telecom Argentina has a 12-month low of $4.88 and a 12-month high of $13.25. The firm has a 50-day moving average price of $8.70 and a 200 day moving average price of $7.89.

Telecom Argentina (NYSE:TEO) last released its quarterly earnings data on Thursday, August 15th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $967.38 million during the quarter. Telecom Argentina had a negative return on equity of 1.26% and a negative net margin of 1.91%. Equities research analysts predict that Telecom Argentina will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. PFG Investments LLC acquired a new stake in shares of Telecom Argentina in the 2nd quarter valued at $104,000. Cubist Systematic Strategies LLC bought a new position in Telecom Argentina in the second quarter valued at about $334,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Telecom Argentina in the second quarter valued at about $174,000.

About Telecom Argentina

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.