Telecom Argentina (NYSE:TEO) Stock Price Down 7.2% – Should You Sell?

Shares of Telecom Argentina S.A. (NYSE:TEO) were down 7.2% on Tuesday . The company traded as low as $10.38 and last traded at $10.31. Approximately 70,171 shares changed hands during trading, a decline of 67% from the average daily volume of 214,745 shares. The stock had previously closed at $11.11.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com upgraded Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group raised their price target 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. JPMorgan Chase & Co. raised shares of Telecom Argentina from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $10.00 to $13.00 in a research report on Tuesday, February 25th. Finally, Scotiabank increased their target price on shares of Telecom Argentina from $6.10 to $6.20 and gave the stock a “sector underperform” rating in a research report on Thursday, March 13th.

Telecom Argentina Price Performance

The company has a market cap of $4.46 billion, a price-to-earnings ratio of -57.52 and a beta of 0.99. The company has a fifty day moving average price of $11.94 and a two-hundred day moving average price of $10.96. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31.

Telecom Argentina (NYSE:TEO) last announced its earnings results on Friday, February 28th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.64. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Telecom Argentina had a negative net margin of 1.91% and a negative return on equity of 1.26%. As a group, equities research analysts anticipate that Telecom Argentina S.A. will post 1.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Telecom Argentina

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Telecom Argentina by 113.3% during the fourth quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider’s stock worth $49,000 after buying an additional 2,081 shares during the last quarter. Advisors Preferred LLC bought a new position in Telecom Argentina during the 4th quarter worth approximately $75,000. XTX Topco Ltd acquired a new position in Telecom Argentina during the third quarter valued at approximately $80,000. Stifel Financial Corp acquired a new position in Telecom Argentina during the third quarter valued at approximately $91,000. Finally, Atlas Capital Advisors Inc. bought a new stake in Telecom Argentina in the fourth quarter valued at approximately $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.