Telecom Argentina (NYSE:TEO) Upgraded at JPMorgan Chase & Co.

Telecom Argentina (NYSE:TEO) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a $13.00 price objective on the utilities provider’s stock, up from their prior price objective of $10.00. JPMorgan Chase & Co.‘s price target suggests a potential upside of 6.64% from the company’s current price.

TEO has been the topic of a number of other reports. StockNews.com upgraded shares of Telecom Argentina from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group raised their target price on shares of Telecom Argentina from $7.30 to $8.30 and gave the stock a “sell” rating in a report on Wednesday, November 20th.

Telecom Argentina Price Performance

Shares of TEO stock opened at $12.19 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.37. The company’s 50-day simple moving average is $12.42 and its two-hundred day simple moving average is $10.53. Telecom Argentina has a one year low of $5.52 and a one year high of $15.53. The company has a market capitalization of $5.25 billion, a P/E ratio of -67.72 and a beta of 0.92.

Institutional Trading of Telecom Argentina

Several institutional investors have recently modified their holdings of TEO. GAMMA Investing LLC grew its position in shares of Telecom Argentina by 113.3% in the fourth 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 acquired a new stake in shares of Telecom Argentina in the fourth quarter valued at about $75,000. XTX Topco Ltd acquired a new stake in shares of Telecom Argentina in the third quarter valued at about $80,000. Stifel Financial Corp acquired a new stake in shares of Telecom Argentina in the third quarter valued at about $91,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Telecom Argentina in the fourth quarter valued at about $106,000.

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.