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Telecom Argentina (TEO) Upgraded To Hold At ValuEngine

ValuEngine upgraded shares of Telecom Argentina (NYSE:TEO) from a sell rating to a hold rating in a research note released on Friday morning.

TEO has been the subject of several other research reports. TheStreet downgraded shares of Telecom Argentina from a b- rating to a c rating in a research note on Monday, July 16th. Zacks Investment Research raised shares of Telecom Argentina from a sell rating to a hold rating in a research note on Thursday, August 23rd. Finally, HSBC raised shares of Telecom Argentina from a reduce rating to a hold rating in a research note on Thursday, June 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Telecom Argentina presently has an average rating of Hold and an average target price of $44.50.

Shares of TEO stock traded down $0.23 during trading hours on Friday, hitting $17.29. 385,767 shares of the company’s stock traded hands, compared to its average volume of 377,695. The company has a market capitalization of $3.40 billion, a P/E ratio of 7.23, a PEG ratio of 4.16 and a beta of 1.18. Telecom Argentina has a 12 month low of $15.26 and a 12 month high of $40.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.44 and a current ratio of 0.47.

Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Telecom Argentina during the first quarter worth $174,000. NN Investment Partners Holdings N.V. increased its position in shares of Telecom Argentina by 99.9% during the second quarter. NN Investment Partners Holdings N.V. now owns 7,300 shares of the utilities provider’s stock worth $130,000 after buying an additional 3,649 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Telecom Argentina during the first quarter worth $230,000. Barclays PLC increased its position in shares of Telecom Argentina by 5,115.2% during the first quarter. Barclays PLC now owns 7,875 shares of the utilities provider’s stock worth $247,000 after buying an additional 7,724 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in shares of Telecom Argentina during the first quarter worth $292,000. 7.83% of the stock is owned by hedge funds and other institutional investors. – Fair Field Current

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