Telecom Argentina SA (NYSE:TEO) Given Consensus Recommendation of “Sell” by Analysts

Shares of Telecom Argentina SA (NYSE:TEO) have been given a consensus recommendation of “Sell” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.50.

A number of equities research analysts have commented on TEO shares. Zacks Investment Research cut shares of Telecom Argentina from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Scotiabank upgraded shares of Telecom Argentina from an “underperform” rating to a “sector perform” rating and set a $10.00 price target for the company in a research report on Monday, August 12th. Bank of America cut shares of Telecom Argentina from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $17.00 to $15.00 in a research note on Thursday, August 8th. Finally, ValuEngine downgraded shares of Telecom Argentina from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th.

A number of large investors have recently bought and sold shares of TEO. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Telecom Argentina in the second quarter valued at about $693,000. Oaktree Capital Management LP grew its position in shares of Telecom Argentina by 14.8% during the second quarter. Oaktree Capital Management LP now owns 1,198,000 shares of the utilities provider’s stock worth $21,169,000 after purchasing an additional 154,000 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Telecom Argentina during the 2nd quarter valued at approximately $2,213,000. Susquehanna Fundamental Investments LLC bought a new stake in Telecom Argentina during the 2nd quarter valued at approximately $1,090,000. Finally, Pictet Asset Management Ltd. bought a new stake in Telecom Argentina during the 2nd quarter valued at approximately $370,000. 3.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:TEO remained flat at $$9.78 during trading on Friday. 476,215 shares of the stock traded hands, compared to its average volume of 388,341. The company has a 50 day simple moving average of $12.53 and a 200-day simple moving average of $14.82. Telecom Argentina has a 52-week low of $8.63 and a 52-week high of $19.88. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.27. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 28.76 and a beta of 0.87.

Telecom Argentina (NYSE:TEO) last posted its quarterly earnings data on Friday, August 9th. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Telecom Argentina had a return on equity of 5.85% and a net margin of 6.83%. On average, equities research analysts forecast that Telecom Argentina will post 0.28 EPS for the current year.

Telecom Argentina Company Profile

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.

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