Telecom Argentina (NYSE:TEO) Earns Sell Rating from Analysts at The Goldman Sachs Group

Equities researchers at The Goldman Sachs Group initiated coverage on shares of Telecom Argentina (NYSE:TEO) in a research note issued on Wednesday, StockNewsAPI reports. The brokerage set a “sell” rating on the utilities provider’s stock.

Separately, Scotiabank cut shares of Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and upped their target price for the company from $5.70 to $6.10 in a report on Friday, September 20th.

Telecom Argentina Stock Down 1.9 %

Telecom Argentina stock opened at $8.11 on Wednesday. The stock’s fifty day moving average is $7.73 and its two-hundred day moving average is $7.60. The stock has a market cap of $3.49 billion, a PE ratio of 202.75 and a beta of 0.85. Telecom Argentina has a 1-year low of $4.88 and a 1-year high of $9.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.49 and a quick ratio of 0.46.

Telecom Argentina (NYSE:TEO) last issued its earnings results on Thursday, August 15th. The utilities provider reported $0.15 earnings per share for the quarter. The business had revenue of $967.38 million for the quarter. Telecom Argentina had a return on equity of 0.69% and a net margin of 1.01%. On average, sell-side analysts expect that Telecom Argentina will post 1.71 EPS for the current fiscal year.

Institutional Trading of Telecom Argentina

A number of large investors have recently made changes to their positions in the company. PFG Investments LLC acquired a new position in Telecom Argentina during the second quarter worth approximately $104,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Telecom Argentina during the second quarter worth approximately $174,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Telecom Argentina in the 2nd quarter valued at $334,000.

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.