Telecom Argentina SA (NYSE:TEO) was the recipient of a significant decrease in short interest during the month of November. As of November 29th, there was short interest totalling 1,930,000 shares, a decrease of 11.9% from the November 14th total of 2,190,000 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily volume of 235,500 shares, the short-interest ratio is currently 8.2 days.
Telecom Argentina stock traded up $0.31 during midday trading on Friday, hitting $10.17. 246,061 shares of the company’s stock were exchanged, compared to its average volume of 227,504. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.80 and a current ratio of 0.85. Telecom Argentina has a 12 month low of $8.53 and a 12 month high of $18.55. The firm has a 50-day moving average of $9.53 and a two-hundred day moving average of $12.58. The company has a market cap of $4.45 billion, a PE ratio of 29.91 and a beta of 0.95.
Telecom Argentina (NYSE:TEO) last issued its earnings results on Friday, November 15th. The utilities provider reported ($0.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by ($0.57). Telecom Argentina had a return on equity of 5.74% and a net margin of 7.39%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $836.17 million. As a group, equities analysts expect that Telecom Argentina will post 0.23 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. bought a new stake in shares of Telecom Argentina in the 2nd quarter valued at about $72,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Telecom Argentina during the 2nd quarter valued at approximately $94,000. Cadence Capital Management LLC purchased a new position in shares of Telecom Argentina during the 3rd quarter valued at approximately $110,000. Marshall Wace North America L.P. increased its holdings in shares of Telecom Argentina by 2,108.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 11,044 shares of the utilities provider’s stock valued at $195,000 after purchasing an additional 10,544 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Telecom Argentina during the 2nd quarter valued at approximately $212,000. Institutional investors own 3.40% of the company’s stock.
A number of research analysts have recently commented on TEO shares. Zacks Investment Research upgraded shares of Telecom Argentina from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. ValuEngine upgraded shares of Telecom Argentina from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. Telecom Argentina presently has an average rating of “Hold” and a consensus price target of $12.50.
About Telecom Argentina
Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company 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; information and communication technology services comprising datacenter services, and telecommunications consulting and value-added solutions; and call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services, as well as sells equipment.
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