StockNews.com downgraded shares of Telecom Argentina (NYSE:TEO – Free Report) from a hold rating to a sell rating in a report published on Wednesday.
Telecom Argentina Price Performance
NYSE TEO opened at $7.62 on Wednesday. The company has a 50 day simple moving average of $7.54 and a 200-day simple moving average of $7.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.42. Telecom Argentina has a 52-week low of $4.50 and a 52-week high of $8.87.
Telecom Argentina (NYSE:TEO – Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The utilities provider reported ($2.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.24) by $0.08. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $936.76 million. Telecom Argentina had a negative net margin of 13.68% and a negative return on equity of 10.49%. Research analysts anticipate that Telecom Argentina will post 0.36 EPS for the current fiscal year.
Hedge Funds Weigh In On Telecom Argentina
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.
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