Telecom Argentina (NYSE:TEO) Sets New 12-Month High – Should You Buy?

Telecom Argentina S.A. (NYSE:TEO)’s stock price hit a new 52-week high on Monday . The company traded as high as $14.79 and last traded at $13.74, with a volume of 633465 shares. The stock had previously closed at $13.48.

Wall Street Analyst Weigh In

Several analysts have weighed in on TEO shares. StockNews.com raised Telecom Argentina from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Scotiabank lowered Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and boosted their target price for the stock from $5.70 to $6.10 in a research report on Friday, September 20th. Finally, The Goldman Sachs Group boosted their target price on shares of Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a research report on Wednesday, November 20th.

Telecom Argentina Stock Performance

The stock has a market capitalization of $5.92 billion, a P/E ratio of -76.33 and a beta of 0.92. The stock has a 50 day moving average of $10.40 and a 200 day moving average of $8.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.37 and a current ratio of 0.40.

Hedge Funds Weigh In On Telecom Argentina

Institutional investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of Telecom Argentina in the 3rd quarter worth approximately $80,000. Stifel Financial Corp bought a new stake in shares of Telecom Argentina during the 3rd quarter valued at about $91,000. PFG Investments LLC bought a new position in shares of Telecom Argentina during the 2nd quarter valued at about $104,000. Centiva Capital LP purchased a new position in shares of Telecom Argentina in the third quarter worth about $123,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Telecom Argentina in the 2nd quarter worth approximately $174,000.

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.