Telecom Argentina (NYSE:TEO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Telecom Argentina S.A. (NYSE:TEO)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.81 and traded as high as $11.49. Telecom Argentina shares last traded at $10.75, with a volume of 147,586 shares traded.

Analyst Upgrades and Downgrades

TEO has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on shares of Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Telecom Argentina from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $10.00 to $13.00 in a research note on Tuesday, February 25th. Finally, StockNews.com raised shares of Telecom Argentina from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

Telecom Argentina Stock Performance

The stock has a market cap of $4.82 billion, a P/E ratio of -62.14 and a beta of 0.99. The stock has a fifty day simple moving average of $12.12 and a 200-day simple moving average of $10.84. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.31.

Telecom Argentina (NYSE:TEO) last released its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.64. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.19 billion. Telecom Argentina had a negative net margin of 1.91% and a negative return on equity of 1.26%. Equities analysts expect that Telecom Argentina S.A. will post 1.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telecom Argentina

Several institutional investors and hedge funds have recently made changes to their positions in the company. Centiva Capital LP acquired a new stake in Telecom Argentina during the 3rd quarter worth $123,000. Stifel Financial Corp acquired a new stake in shares of Telecom Argentina during the third quarter worth about $91,000. XTX Topco Ltd bought a new position in shares of Telecom Argentina during the 3rd quarter valued at about $80,000. GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. Finally, JGP Global Gestao de Recursos Ltda. acquired a new position in shares of Telecom Argentina in the 4th quarter valued at approximately $853,000.

About Telecom Argentina

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.