Telecom Argentina SA (NYSE:TEO) shares were down 1.4% on Friday . The company traded as low as $16.78 and last traded at $17.19. Approximately 10,127 shares were traded during trading, a decline of 99% from the average daily volume of 1,091,460 shares. The stock had previously closed at $17.44.
Separately, Zacks Investment Research upgraded shares of Telecom Argentina from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 27th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Telecom Argentina currently has an average rating of “Hold”.
The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 50.65 and a beta of 0.54.
Telecom Argentina (NYSE:TEO) last released its earnings results on Thursday, May 9th. The utilities provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.14). Telecom Argentina had a negative net margin of 2.24% and a negative return on equity of 2.12%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $961.18 million. On average, analysts forecast that Telecom Argentina SA will post 0.76 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in Telecom Argentina in the 1st quarter valued at $162,000. Alpine Global Management LLC bought a new stake in Telecom Argentina in the 1st quarter valued at $329,000. Squarepoint Ops LLC bought a new stake in Telecom Argentina in the 4th quarter valued at $341,000. Hsbc Holdings PLC bought a new stake in Telecom Argentina in the 1st quarter valued at $458,000. Finally, Wells Fargo & Company MN increased its holdings in Telecom Argentina by 10.3% in the 1st quarter. Wells Fargo & Company MN now owns 32,481 shares of the utilities provider’s stock valued at $474,000 after acquiring an additional 3,037 shares during the last quarter. Institutional investors own 6.67% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Telecom Argentina (NYSE:TEO) Trading Down 1.4%” was published by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.thestockobserver.com/2019/06/14/telecom-argentina-nyseteo-trading-down-1-4.html.
Telecom Argentina Company Profile (NYSE:TEO)
Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company offers telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; interconnection services, such as access, termination, and long-distance transport of calls; information and communication technology services comprising datacenter services, and telecommunications consulting and value-added solutions; and call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services, as well as sells equipment.
Receive News & Ratings for Telecom Argentina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom Argentina and related companies with MarketBeat.com's FREE daily email newsletter.