Telecom Argentina (NYSE:TEO – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.
Telecom Argentina Stock Performance
TEO stock opened at $7.62 on Wednesday. The firm’s 50-day moving average price is $7.54 and its two-hundred day moving average price is $7.09. Telecom Argentina has a 12-month low of $4.50 and a 12-month high of $8.87. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.42 and a current ratio of 0.44.
Telecom Argentina (NYSE:TEO – Get Free Report) last released its quarterly earnings data on Monday, March 11th. The utilities provider reported ($2.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.24) by $0.08. Telecom Argentina had a negative net margin of 13.68% and a negative return on equity of 10.49%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $936.76 million. As a group, analysts expect that Telecom Argentina will post 0.36 EPS for the current year.
Hedge Funds Weigh In On Telecom Argentina
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.
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