Brokerages Set Telecom Argentina SA (TEO) Target Price at $29.00
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.
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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