Telecom Argentina (NYSE:TEO – Get Rating) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d” rating in a research note issued to investors on Wednesday, TheStreetRatingsTable reports.
Separately, StockNews.com downgraded Telecom Argentina from a “buy” rating to a “hold” rating in a research report on Friday, November 18th.
Telecom Argentina Price Performance
Shares of TEO opened at $4.61 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.33 and a current ratio of 0.35. The stock has a 50 day simple moving average of $4.17 and a 200 day simple moving average of $4.44. Telecom Argentina has a 52-week low of $3.72 and a 52-week high of $6.59. The firm has a market capitalization of $1.99 billion, a PE ratio of -1.75 and a beta of 0.51.
Hedge Funds Weigh In On Telecom Argentina
A number of large investors have recently bought and sold shares of TEO. Eaton Vance Management acquired a new position in Telecom Argentina during the 1st quarter worth approximately $3,507,000. Millennium Management LLC raised its stake in shares of Telecom Argentina by 225.6% during the 2nd quarter. Millennium Management LLC now owns 351,550 shares of the utilities provider’s stock worth $1,600,000 after purchasing an additional 243,570 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Telecom Argentina during the 1st quarter worth approximately $520,000. Renaissance Technologies LLC raised its stake in shares of Telecom Argentina by 18.7% during the 1st quarter. Renaissance Technologies LLC now owns 247,143 shares of the utilities provider’s stock worth $1,485,000 after purchasing an additional 38,943 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Telecom Argentina by 42.1% during the 2nd quarter. Citadel Advisors LLC now owns 76,126 shares of the utilities provider’s stock worth $346,000 after purchasing an additional 22,567 shares in the last quarter. Institutional investors and hedge funds own 2.05% of the company’s stock.
Telecom Argentina Company Profile
Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company offers telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; and other related supplementary services, such as call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services.
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