Telecom Argentina S.A. Upgraded by Zacks to Neutral (TEO)
Telecom Argentina S.A. (NYSE:TEO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Friday. The firm currently has a $20.00 price objective on the stock. Zacks‘s price target would suggest a potential upside of 2.25% from the company’s current price.
Shares of Telecom Argentina S.A. (NYSE:TEO) traded up 0.15% on Friday, hitting $19.59. The stock had a trading volume of 131,547 shares. Telecom Argentina S.A. has a 52-week low of $13.93 and a 52-week high of $25.56. The stock’s 50-day moving average is $22.73 and its 200-day moving average is $19.73. The company has a market cap of $3.797 billion and a P/E ratio of 8.85.
Telecom Argentina S.A. (NYSE:TEO) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.07. Analysts expect that Telecom Argentina S.A. will post $2.49 EPS for the current fiscal year.
A number of other firms have also recently commented on TEO. Analysts at Allaria Ledesma downgraded shares of Telecom Argentina S.A. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 27th. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Telecom Argentina S.A. in a research note on Wednesday, May 21st. They now have a $18.00 price target on the stock, up previously from $17.00. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Telecom Argentina S.A. currently has an average rating of “Hold” and a consensus target price of $19.33.
Telecom Argentina SA, (NYSE:TEO), is an Argentina-based company primarily engaged in the provision of national fixed-line telecommunication services, international long-distance service, data transmission and Internet services, as well as mobile telephony.
To view Zacks’ full report, visit Zacks’ official website.
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