Telecom Argentina (NYSE:TEO) raised to hold Zacks Investment Research

Argentina Telecom (NYSE:TEO – Get a rating) has been upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday, reports.

According to Zacks, “TELECOM ARGENTINA holds a license to provide basic telephone service and fixed telecommunications links in the northern region of the Argentine Republic. The company contributes to the economic and social development of the country by incorporating the latest technological advances made to – date in the field of telecommunications in the world.”

Shares of TEO opened at $5.48 on Thursday. Telecom Argentina has a 52-week low of $4.39 and a 52-week high of $6.55. The company has a debt ratio of 0.37, a quick ratio of 0.34 and a current ratio of 0.36. The company has a market capitalization of $2.36 billion, a PE ratio of -49.82 and a beta of 0.43. The stock has a fifty-day simple moving average of $5.13 and a two-hundred-day simple moving average of $5.16.

Large investors have recently changed their positions in the stock. Morgan Stanley increased its stake in Telecom Argentina shares by 40.3% during the first quarter. Morgan Stanley now owns 11,657 shares of the utility provider valued at $65,000 after acquiring 3,346 additional shares last quarter. MQS Management LLC purchased a new stake in Telecom Argentina stock during the fourth quarter at a value of $68,000. Credit Suisse AG acquired a new position in Telecom Argentina during the fourth quarter worth $99,000. Deutsche Bank AG increased its position in Telecom Argentina by 63.6% during the fourth quarter. Deutsche Bank AG now owns 19,648 shares of the utility provider valued at $100,000 after buying an additional 7,638 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stock position in Telecom Argentina in the fourth quarter worth approximately $107,000. 2.22% of the shares are held by hedge funds and other institutional investors.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

Telecom Argentina Company Profile (Get a rating)

Telecom Argentina SA engages in the provision of telecommunications services. The Company offers fixed telecommunications, mobile telecommunications, other telephony-related services such as international and wholesale long distance services, data transmission, outsourcing of IT solutions and Internet services.

Featured Articles

Get a Free Copy of Zacks’ Research Report on Telecom Argentina (TEO)

For more information on Zacks Investment Research’s research offerings, visit

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Telecom Argentina right now?

Before you consider Telecom Argentina, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads… and Telecom Argentina was not on the list.

Although Telecom Argentina currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Previous Remote Technology Staffing and Analytics for Business: Mastech Digital (NYSE: MHH)
Next Avast survey: Older Australians lead the way in non-internet users