Telecom Argentina (NYSE:TEO) Stock Price Crosses Above Two Hundred Day Moving Average of $7.49

Telecom Argentina S.A. (NYSE:TEO)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.49 and traded as high as $8.16. Telecom Argentina shares last traded at $8.02, with a volume of 144,741 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TEO shares. Scotiabank upgraded shares of Telecom Argentina from a “sector underperform” rating to a “sector perform” rating in a research report on Tuesday, August 6th. StockNews.com upgraded shares of Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Wednesday, June 5th.

Telecom Argentina Stock Performance

The stock’s 50-day moving average price is $6.95 and its 200-day moving average price is $7.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.46 and a current ratio of 0.49. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 200.50 and a beta of 0.85.

Telecom Argentina (NYSE:TEO) last posted its quarterly earnings results on Thursday, August 15th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter. Telecom Argentina had a net margin of 1.01% and a return on equity of 0.69%. The company had revenue of $967.38 million during the quarter. As a group, equities research analysts expect that Telecom Argentina S.A. will post 1.32 earnings per share for the current year.

Institutional Investors Weigh In On Telecom Argentina

A number of hedge funds and other institutional investors have recently modified their holdings of TEO. 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 worth $306,000 after purchasing an additional 28,964 shares during the last quarter. Oaktree Capital Management LP grew its stake in Telecom Argentina by 0.4% in the 4th 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. PFG Investments LLC purchased a new stake in Telecom Argentina in the 2nd quarter worth approximately $104,000. Cubist Systematic Strategies LLC purchased a new stake in Telecom Argentina in the 2nd quarter worth approximately $334,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Telecom Argentina in the 2nd quarter worth approximately $174,000.

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.