Telecom Argentina (NYSE:TEO) Lowered to Sell at StockNews.com

Telecom Argentina (NYSE:TEO) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Telecom Argentina Stock Up 1.0 %

NYSE:TEO opened at $7.80 on Wednesday. Telecom Argentina has a 52 week low of $4.50 and a 52 week 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. The stock’s 50-day moving average price is $7.54 and its 200-day moving average price is $7.08.

Telecom Argentina (NYSE:TEO) last posted its earnings results on Monday, March 11th. The utilities provider reported ($2.16) EPS for the quarter, beating analysts’ consensus estimates of ($2.24) by $0.08. Telecom Argentina had a negative return on equity of 10.49% and a negative net margin of 13.68%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $936.76 million. Sell-side analysts predict that Telecom Argentina will post 0.36 EPS for the current year.

Institutional Investors Weigh In On Telecom Argentina

Several institutional investors have recently bought and sold shares of TEO. Oaktree Capital Management LP lifted its stake in Telecom Argentina by 0.4% in the 4th quarter. Oaktree Capital Management LP now owns 2,454,156 shares of the utilities provider’s stock worth $17,547,000 after purchasing an additional 10,000 shares in the last quarter. Jump Financial LLC lifted its stake in Telecom Argentina by 209.1% in the 4th quarter. Jump Financial LLC now owns 42,816 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 28,964 shares in the last quarter. JGP Global Gestao de Recursos Ltda. purchased a new position in Telecom Argentina in the 3rd quarter worth approximately $180,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Telecom Argentina by 13.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 317,536 shares of the utilities provider’s stock worth $1,521,000 after purchasing an additional 38,149 shares in the last quarter. Finally, RWC Asset Advisors US LLC purchased a new position in Telecom Argentina in the 4th quarter worth approximately $2,212,000.

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.