Telecom Argentina SA (NYSE:TEO) has been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.34.

Several equities analysts have recently commented on the stock. TheStreet raised shares of Telecom Argentina SA from a “hold” rating to a “buy” rating in a report on Monday, July 11th. Zacks Investment Research downgraded shares of Telecom Argentina SA from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Finally, Morgan Stanley raised shares of Telecom Argentina SA from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $23.00 in a report on Tuesday, September 6th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its position in Telecom Argentina SA by 3.3% in the second quarter. Franklin Resources Inc. now owns 1,941,707 shares of the company’s stock worth $35,601,000 after buying an additional 62,700 shares during the period. Bienville Capital Management LLC boosted its position in Telecom Argentina SA by 4.2% in the second quarter. Bienville Capital Management LLC now owns 1,383,698 shares of the company’s stock worth $25,363,000 after buying an additional 55,573 shares during the period. FMR LLC boosted its position in Telecom Argentina SA by 2.6% in the second quarter. FMR LLC now owns 1,340,703 shares of the company’s stock worth $24,575,000 after buying an additional 34,090 shares during the period. Oaktree Capital Management LP boosted its position in Telecom Argentina SA by 7.4% in the second quarter. Oaktree Capital Management LP now owns 558,151 shares of the company’s stock worth $10,231,000 after buying an additional 38,300 shares during the period. Finally, TT International boosted its position in Telecom Argentina SA by 52.1% in the second quarter. TT International now owns 289,160 shares of the company’s stock worth $5,300,000 after buying an additional 99,085 shares during the period. Institutional investors and hedge funds own 8.64% of the company’s stock.

Telecom Argentina SA (NYSE:TEO) traded down 0.71% during midday trading on Tuesday, hitting $18.19. 438,902 shares of the stock traded hands. Telecom Argentina SA has a 52-week low of $14.03 and a 52-week high of $20.28. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 16.92 and a beta of 1.35. The firm’s 50-day moving average is $18.44 and its 200-day moving average is $18.45.

About Telecom Argentina SA

Telecom Argentina SA provides fixed-line telecommunications services and other telephone-related services, such as international long-distance service, data transmission, information technology (IT) solutions outsourcing and Internet services. The Company provides mobile telecommunications services and international wholesale services.

5 Day Chart for NYSE:TEO

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