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Telecom Argentina S.A. (NYSE:TEO) was downgraded by equities research analysts at TheStreet to a “hold” rating in a research note issued to investors on Thursday.

A number of other analysts have also recently weighed in on TEO. Analysts at Zacks upgraded shares of Telecom Argentina S.A. from an “underperform” rating to a “neutral” rating in a research note on Friday, August 15th. They now have a $20.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.33.

Telecom Argentina S.A. (NYSE:TEO) traded up 2.20% during mid-day trading on Thursday, hitting $19.06. 47,634 shares of the company’s stock traded hands. Telecom Argentina S.A. has a one year low of $13.93 and a one year high of $25.56. The stock’s 50-day moving average is $22.22 and its 200-day moving average is $19.88. The company has a market cap of $3.694 billion and a P/E ratio of 8.44.

Telecom Argentina S.A. (NYSE:TEO) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.07. On average, analysts predict that Telecom Argentina S.A. will post $2.44 earnings per share for the current fiscal year.

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.

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