Telecom Argentina (NYSE:TEO) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Telecom Argentina (NYSE:TEO) from a sell rating to a hold rating in a report published on Friday.

Telecom Argentina Trading Up 8.5 %

Shares of Telecom Argentina stock opened at $8.58 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.42 and a current ratio of 0.44. The company has a market cap of $3.70 billion, a P/E ratio of -5.76 and a beta of 0.88. The firm has a 50-day simple moving average of $7.57 and a two-hundred day simple moving average of $7.22. Telecom Argentina has a fifty-two week low of $4.50 and a fifty-two week high of $8.87.

Telecom Argentina (NYSE:TEO) last issued its quarterly earnings results on Monday, March 11th. The utilities provider reported ($2.16) EPS for the quarter, topping the consensus estimate of ($2.24) by $0.08. The company 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%. As a group, equities analysts predict that Telecom Argentina will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Telecom Argentina

Several large investors have recently bought and sold shares of the company. Oaktree Capital Management LP boosted its stake in shares of Telecom Argentina by 0.4% in the fourth quarter. Oaktree Capital Management LP now owns 2,454,156 shares of the utilities provider’s stock worth $17,547,000 after acquiring an additional 10,000 shares during the last quarter. Jump Financial LLC raised its position in shares of Telecom Argentina by 209.1% in the fourth quarter. Jump Financial LLC now owns 42,816 shares of the utilities provider’s stock valued at $306,000 after buying an additional 28,964 shares during the last quarter. JGP Global Gestao de Recursos Ltda. purchased a new position in shares of Telecom Argentina in the third quarter worth about $180,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Telecom Argentina by 13.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 317,536 shares of the utilities provider’s stock worth $1,521,000 after acquiring an additional 38,149 shares during the last quarter. Finally, RWC Asset Advisors US LLC purchased a new stake in Telecom Argentina during the 4th quarter valued at about $2,212,000.

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.