Telecom Argentina (NYSE:TEO) Stock Price Down 5.1% – Should You Sell?

by · The Cerbat Gem

Telecom Argentina S.A. (NYSE:TEO – Get Free Report) dropped 5.1% during trading on Monday . The company traded as low as $12.54 and last traded at $12.69. Approximately 132,741 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 200,516 shares. The stock had previously closed at $13.37.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TEO. Scotiabank downgraded Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and lifted their target price for the stock from $5.70 to $6.10 in a report on Friday, September 20th. The Goldman Sachs Group increased their price target on Telecom Argentina from $7.30 to $8.30 and gave the stock a “sell” rating in a research report on Wednesday, November 20th. Finally, StockNews.com raised Telecom Argentina from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

Check Out Our Latest Stock Analysis on Telecom Argentina

Telecom Argentina Trading Down 0.9 %

The firm’s fifty day simple moving average is $12.07 and its 200 day simple moving average is $8.98. The stock has a market capitalization of $5.42 billion, a P/E ratio of -69.94 and a beta of 0.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.40.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of Telecom Argentina during the 3rd quarter worth $80,000. Stifel Financial Corp acquired a new position in shares of Telecom Argentina in the third quarter valued at approximately $91,000. PFG Investments LLC bought a new stake in shares of Telecom Argentina in the 2nd quarter valued at about $104,000. Centiva Capital LP acquired a new stake in Telecom Argentina during the 3rd quarter valued at approximately $123,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Telecom Argentina during the second quarter worth $174,000.

About Telecom Argentina

(Get Free Report)

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.

See Also