Telecom Argentina SA (NYSE:TEO) has been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the firm. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.34.

Several equities research analysts recently commented on TEO shares. Zacks Investment Research raised shares of Telecom Argentina SA from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, August 23rd. Raymond James Financial Inc. started coverage on shares of Telecom Argentina SA in a research note on Thursday, October 27th. They set an “outperform” rating on the stock. Finally, Morgan Stanley raised shares of Telecom Argentina SA from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $23.00 in a research note on Tuesday, September 6th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new position in shares of Telecom Argentina SA during the third quarter valued at about $218,000. Airain ltd bought a new position in Telecom Argentina SA during the third quarter valued at $279,000. State of New Jersey Common Pension Fund D boosted its position in Telecom Argentina SA by 25.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 15,700 shares of the company’s stock valued at $287,000 after buying an additional 3,200 shares during the last quarter. James Investment Research Inc. boosted its position in Telecom Argentina SA by 33.6% in the second quarter. James Investment Research Inc. now owns 15,900 shares of the company’s stock valued at $291,000 after buying an additional 4,000 shares during the last quarter. Finally, Cambiar Investors LLC bought a new position in Telecom Argentina SA during the second quarter valued at $372,000. 8.80% of the stock is owned by institutional investors and hedge funds.

Telecom Argentina SA (NYSE:TEO) opened at 17.95 on Tuesday. The stock’s 50 day moving average is $18.37 and its 200-day moving average is $18.47. The company has a market capitalization of $3.48 billion, a P/E ratio of 17.26 and a beta of 1.43. Telecom Argentina SA has a 52-week low of $14.03 and a 52-week high of $19.99.

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Telecom Argentina SA Company Profile

Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).

5 Day Chart for NYSE:TEO

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