Telecom Argentina (NYSE:TEO) Shares Gap Up – Still a Buy?

Telecom Argentina S.A. (NYSE:TEO)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.59, but opened at $12.15. Telecom Argentina shares last traded at $11.64, with a volume of 144,016 shares changing hands.

Wall Street Analyst Weigh In

TEO has been the subject of several analyst reports. The Goldman Sachs Group boosted their price target on Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a report on Wednesday, November 20th. StockNews.com upgraded shares of Telecom Argentina from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

Telecom Argentina Stock Up 0.1 %

The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of -64.32 and a beta of 0.92. The firm has a 50-day moving average of $12.45 and a 200 day moving average of $10.49. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On Telecom Argentina

A number of institutional investors have recently added to or reduced their stakes in TEO. GAMMA Investing LLC boosted its stake 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 buying an additional 2,081 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of Telecom Argentina in the 4th quarter worth about $75,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Telecom Argentina in the 4th quarter valued at about $106,000. OLD Mission Capital LLC bought a new position in shares of Telecom Argentina during the fourth quarter worth about $133,000. Finally, XTX Topco Ltd acquired a new position in Telecom Argentina in the third quarter worth about $80,000.

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.