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

Telecom Argentina (NYSE:TEO) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Telecom Argentina Stock Down 1.1 %

TEO stock traded down $0.09 on Wednesday, hitting $7.80. The company had a trading volume of 336,740 shares, compared to its average volume of 193,856. Telecom Argentina has a 12-month low of $4.50 and a 12-month high of $9.97. The company has a current ratio of 0.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The stock’s 50-day simple moving average is $8.23 and its 200 day simple moving average is $7.76.

Telecom Argentina (NYSE:TEO) last issued its earnings results on Wednesday, May 8th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter. Telecom Argentina had a net margin of 0.42% and a return on equity of 0.30%. The company had revenue of $820.02 million for the quarter. On average, research analysts expect that Telecom Argentina will post 1.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Oaktree Capital Management LP raised its position in Telecom Argentina by 0.4% in the fourth quarter. Oaktree Capital Management LP now owns 2,454,156 shares of the utilities provider’s stock worth $17,547,000 after acquiring an additional 10,000 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Telecom Argentina by 44.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 457,898 shares of the utilities provider’s stock valued at $3,274,000 after purchasing an additional 140,362 shares during the period. RWC Asset Management LLP bought a new stake in shares of Telecom Argentina during the 4th quarter valued at $2,657,000. RWC Asset Advisors US LLC bought a new stake in shares of Telecom Argentina during the 4th quarter valued at $2,212,000. Finally, Jump Financial LLC raised its position in shares of Telecom Argentina by 209.1% during the 4th quarter. Jump Financial LLC now owns 42,816 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 28,964 shares during the period.

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.