Telecom Argentina (NYSE:TEO) Hits New 1-Year Low at $8.59

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Telecom Argentina SA (NYSE:TEO) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.59 and last traded at $8.59, with a volume of 74718 shares changing hands. The stock had previously closed at $8.77.

A number of analysts have recently issued reports on the company. Scotiabank upgraded Telecom Argentina from an “underperform” rating to a “sector perform” rating and set a $10.00 target price for the company in a report on Monday, August 12th. ValuEngine lowered Telecom Argentina from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Zacks Investment Research downgraded shares of Telecom Argentina from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, Bank of America downgraded shares of Telecom Argentina from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Thursday, August 8th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Telecom Argentina currently has an average rating of “Sell” and a consensus target price of $12.50.

The company has a quick ratio of 0.65, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 10.44 and a beta of 0.89. The stock’s 50 day moving average price is $9.78 and its two-hundred day moving average price is $13.25.

The business also recently declared a Variable dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were paid a $0.648 dividend. This represents a dividend yield of 11.8%. The ex-dividend date of this dividend was Friday, October 18th. Telecom Argentina’s dividend payout ratio (DPR) is presently 364.71%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. KBC Group NV acquired a new position in shares of Telecom Argentina in the second quarter worth $54,000. Macquarie Group Ltd. acquired a new position in shares of Telecom Argentina in the second quarter worth $72,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Telecom Argentina in the second quarter worth $94,000. Cadence Capital Management LLC acquired a new position in shares of Telecom Argentina in the third quarter worth $110,000. Finally, Marshall Wace North America L.P. increased its stake in shares of Telecom Argentina by 2,108.8% in the second quarter. Marshall Wace North America L.P. now owns 11,044 shares of the utilities provider’s stock worth $195,000 after acquiring an additional 10,544 shares during the last quarter. 3.71% of the stock is currently owned by institutional investors and hedge funds.

Telecom Argentina Company Profile (NYSE:TEO)

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company offers telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; interconnection services, such as access, termination, and long-distance transport of calls; information and communication technology services comprising datacenter services, and telecommunications consulting and value-added solutions; and call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services, as well as sells equipment.

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