Telecom Argentina (NYSE:TEO) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Telecom Argentina (NYSE:TEO) from a neutral rating to an overweight rating in a report issued on Tuesday, MarketBeat reports. They currently have $13.00 target price on the utilities provider’s stock, up from their previous target price of $10.00.

A number of other equities research analysts have also recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a report on Wednesday, November 20th. StockNews.com raised Telecom Argentina from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

Telecom Argentina Stock Performance

Shares of TEO stock opened at $11.06 on Tuesday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of -61.44 and a beta of 0.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.40. Telecom Argentina has a one year low of $5.52 and a one year high of $15.53. The company’s 50-day moving average is $12.36 and its 200 day moving average is $10.57.

Institutional Trading of Telecom Argentina

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Telecom Argentina by 113.3% during the fourth quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 2,081 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of Telecom Argentina during the 4th quarter valued at about $75,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Telecom Argentina during the 4th quarter valued at about $106,000. OLD Mission Capital LLC bought a new position in shares of Telecom Argentina in the 4th quarter worth approximately $133,000. Finally, XTX Topco Ltd purchased a new position in shares of Telecom Argentina in the third quarter worth approximately $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.