ValuEngine Lowers Telecom Argentina (TEO) to Sell

ValuEngine downgraded shares of Telecom Argentina (NYSE:TEO) from a hold rating to a sell rating in a research note published on Monday, February 4th.

Other analysts also recently issued research reports about the stock. TheStreet raised shares of Telecom Argentina from a d+ rating to a c- rating in a report on Monday, December 3rd. Zacks Investment Research raised shares of Telecom Argentina from a sell rating to a hold rating in a research note on Wednesday, December 5th. Finally, Santander raised shares of Telecom Argentina from an underperform rating to a hold rating in a research note on Friday, December 21st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Telecom Argentina currently has a consensus rating of Hold.

TEO stock traded up $0.01 during trading on Monday, reaching $14.90. 190,403 shares of the company were exchanged, compared to its average volume of 254,599. Telecom Argentina has a 52-week low of $13.31 and a 52-week high of $35.48. The company has a market cap of $2.99 billion, a P/E ratio of 6.23, a P/E/G ratio of 3.04 and a beta of 0.93. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 0.34.

Institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in shares of Telecom Argentina by 16.7% in the fourth quarter. Nordea Investment Management AB now owns 47,391 shares of the utilities provider’s stock valued at $737,000 after purchasing an additional 6,796 shares during the period. Oaktree Capital Management LP boosted its stake in shares of Telecom Argentina by 31.8% in the fourth quarter. Oaktree Capital Management LP now owns 939,000 shares of the utilities provider’s stock valued at $14,611,000 after purchasing an additional 226,500 shares during the period. Millennium Management LLC boosted its stake in shares of Telecom Argentina by 82.1% in the fourth quarter. Millennium Management LLC now owns 249,304 shares of the utilities provider’s stock valued at $3,879,000 after purchasing an additional 112,380 shares during the period. Legal & General Group Plc boosted its stake in shares of Telecom Argentina by 213.9% in the fourth quarter. Legal & General Group Plc now owns 81,358 shares of the utilities provider’s stock valued at $1,266,000 after purchasing an additional 55,438 shares during the period. Finally, RWC Asset Management LLP purchased a new position in shares of Telecom Argentina in the fourth quarter valued at $1,171,000. 6.76% of the stock is owned by institutional investors.

Telecom Argentina Company Profile

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company operates through three segments: Fixed Services, Personal Mobile Services, and Núcleo Mobile Services. It 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; and data transmission and Internet services comprising broadband, Internet dedicated lines, private networks, national and international video streaming, transportation of radio and TV signals, and video conferencing services.

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