Telecom Argentina (NYSE:TEO) Reaches New 52-Week High – Still a Buy?

Telecom Argentina S.A. (NYSE:TEO)’s share price hit a new 52-week high on Monday . The company traded as high as $15.05 and last traded at $14.66, with a volume of 67619 shares trading hands. The stock had previously closed at $14.18.

Analyst Ratings Changes

TEO has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on shares of Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a research note on Wednesday, November 20th. StockNews.com raised shares of Telecom Argentina from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Scotiabank lowered shares of Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and raised their target price for the stock from $5.70 to $6.10 in a research note on Friday, September 20th.

Telecom Argentina Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.40. The stock’s 50 day simple moving average is $12.61 and its two-hundred day simple moving average is $9.21. The firm has a market capitalization of $6.09 billion, a PE ratio of -78.55 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of Telecom Argentina by 113.3% during the 4th quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider’s stock valued at $49,000 after buying an additional 2,081 shares during the period. XTX Topco Ltd purchased a new stake in shares of Telecom Argentina during the 3rd quarter valued at approximately $80,000. Stifel Financial Corp purchased a new stake in shares of Telecom Argentina during the 3rd quarter valued at approximately $91,000. PFG Investments LLC purchased a new stake in shares of Telecom Argentina during the 2nd quarter valued at approximately $104,000. Finally, Centiva Capital LP purchased a new stake in shares of Telecom Argentina during the 3rd quarter valued at approximately $123,000.

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.