Telecom Argentina (TEO) Downgraded by HSBC

HSBC downgraded shares of Telecom Argentina (NYSE:TEO) from a hold rating to a reduce rating in a research note issued to investors on Thursday, MarketBeat.com reports.

A number of other equities analysts also recently commented on the stock. Citigroup started coverage on shares of Telecom Argentina in a report on Monday, January 8th. They issued a buy rating and a $46.00 target price for the company. Zacks Investment Research upgraded shares of Telecom Argentina from a hold rating to a buy rating and set a $43.00 target price for the company in a report on Saturday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $36.75.

Telecom Argentina (NYSE:TEO) opened at $33.25 on Thursday. The company has a market cap of $6,607.73, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.35. Telecom Argentina has a fifty-two week low of $20.51 and a fifty-two week high of $40.19.

Telecom Argentina (NYSE:TEO) last announced its earnings results on Friday, December 1st. The utilities provider reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. The business had revenue of $969.14 million during the quarter. Telecom Argentina had a net margin of 11.60% and a return on equity of 31.15%. equities analysts predict that Telecom Argentina will post 2.3 EPS for the current fiscal year.

The business also recently disclosed a None dividend, which was paid on Thursday, February 22nd. Stockholders of record on Wednesday, February 14th were issued a dividend of $1.559 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a dividend yield of 0.0409508799579722%. This is an increase from Telecom Argentina’s previous None dividend of $1.22. Telecom Argentina’s dividend payout ratio is 115.79%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. increased its holdings in shares of Telecom Argentina by 41.1% during the fourth quarter. Advisor Group Inc. now owns 5,684 shares of the utilities provider’s stock valued at $208,000 after acquiring an additional 1,656 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Telecom Argentina by 72.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,105 shares of the utilities provider’s stock valued at $150,000 after acquiring an additional 1,729 shares in the last quarter. Castleark Management LLC acquired a new position in shares of Telecom Argentina during the fourth quarter valued at about $143,000. Victory Capital Management Inc. acquired a new position in shares of Telecom Argentina during the fourth quarter valued at about $182,000. Finally, Quantbot Technologies LP acquired a new position in shares of Telecom Argentina during the third quarter valued at about $165,000. Hedge funds and other institutional investors own 7.36% of the company’s stock.

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Telecom Argentina Company Profile

Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).

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