Telecom Argentina (NYSE:TEO) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Telecom Argentina S.A. (NYSE:TEO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.86 and traded as high as $13.10. Telecom Argentina shares last traded at $12.85, with a volume of 216,028 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on TEO. The Goldman Sachs Group lifted their target price on Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a research report on Wednesday, November 20th. StockNews.com raised Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

Telecom Argentina Trading Up 1.7 %

The stock has a market capitalization of $5.53 billion, a PE ratio of -71.36 and a beta of 0.93. The stock’s 50 day moving average price is $13.06 and its 200-day moving average price is $9.86. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On Telecom Argentina

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in Telecom Argentina by 113.3% during the 4th quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 2,081 shares during the period. Advisors Preferred LLC bought a new stake in Telecom Argentina during the 4th quarter valued at approximately $75,000. XTX Topco Ltd bought a new stake in Telecom Argentina during the 3rd quarter valued at approximately $80,000. Stifel Financial Corp bought a new stake in Telecom Argentina during the 3rd quarter valued at approximately $91,000. Finally, Centiva Capital LP bought a new stake in Telecom Argentina during the 3rd quarter valued at approximately $123,000.

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.