Shares of Telecom Argentina SA (NYSE:TEO) have been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $29.00.

Several analysts have recently commented on TEO shares. BidaskClub raised Telecom Argentina from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research lowered Telecom Argentina from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, ValuEngine upgraded Telecom Argentina from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.

Shares of Telecom Argentina (TEO) traded up $0.77 during trading on Friday, hitting $38.48. The stock had a trading volume of 82,685 shares, compared to its average volume of 179,121. The firm has a market capitalization of $7,297.77, a PE ratio of 16.51, a PEG ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.35. Telecom Argentina has a 1-year low of $17.04 and a 1-year high of $38.58.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC acquired a new stake in shares of Telecom Argentina in the third quarter valued at about $2,055,000. Janney Montgomery Scott LLC acquired a new stake in shares of Telecom Argentina in the third quarter valued at about $763,000. Caxton Associates LP acquired a new stake in shares of Telecom Argentina in the third quarter valued at about $1,625,000. Allianz Asset Management GmbH acquired a new stake in shares of Telecom Argentina in the third quarter valued at about $409,000. Finally, ThornTree Capital Partners LP grew its position in shares of Telecom Argentina by 210.4% in the third quarter. ThornTree Capital Partners LP now owns 333,398 shares of the utilities provider’s stock valued at $10,282,000 after purchasing an additional 226,000 shares during the last quarter. Institutional investors own 6.04% of the company’s stock.

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Telecom Argentina 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).

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