Telecom Argentina (NYSE:TEO) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Telecom Argentina (NYSE:TEO) from a sell rating to a hold rating in a report released on Tuesday morning.

Telecom Argentina Price Performance

TEO stock opened at $7.20 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $7.53 and a 200-day moving average of $6.99. Telecom Argentina has a 12-month low of $4.50 and a 12-month high of $8.87.

Telecom Argentina (NYSE:TEO) last announced its quarterly earnings data on Monday, March 11th. The utilities provider reported ($2.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.24) by $0.08. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $936.76 million. Telecom Argentina had a negative return on equity of 10.49% and a negative net margin of 13.68%. On average, sell-side analysts predict that Telecom Argentina will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in shares of Telecom Argentina in the 4th quarter worth approximately $25,000. Tower Research Capital LLC TRC purchased a new position in shares of Telecom Argentina during the 3rd quarter valued at $37,000. Bank of America Corp DE lifted its position in shares of Telecom Argentina by 627.6% during the 4th quarter. Bank of America Corp DE now owns 10,085 shares of the utilities provider’s stock valued at $55,000 after buying an additional 8,699 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of Telecom Argentina during the 1st quarter worth $62,000. Finally, Virtu Financial LLC purchased a new stake in Telecom Argentina in the 2nd quarter worth about $62,000.

Telecom Argentina Company Profile

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.