Telecom Argentina S.A. (NYSE:TEO) gapped up before the market opened on Monday . The stock had previously closed at $5.06, but opened at $5.54. Telecom Argentina shares last traded at $5.49, with a volume of 1,195 shares changing hands.
Separately, Zacks Investment Research upgraded shares of Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Friday, June 11th.
The firm’s 50-day moving average price is $5.19 and its 200-day moving average price is $5.30. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.30 billion, a PE ratio of -19.11 and a beta of 0.37.
The company also recently disclosed a — dividend, which was paid on Friday, September 10th. Investors of record on Friday, September 3rd were given a $0.4025 dividend. This represents a yield of 23.6%. The ex-dividend date was Thursday, September 2nd. Telecom Argentina’s dividend payout ratio (DPR) is currently -394.74%.
A number of institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC raised its position in Telecom Argentina by 38.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 141,964 shares of the utilities provider’s stock worth $755,000 after purchasing an additional 39,315 shares during the period. Marshall Wace LLP grew its stake in Telecom Argentina by 8,845.2% in the 2nd quarter. Marshall Wace LLP now owns 1,005,973 shares of the utilities provider’s stock worth $5,352,000 after acquiring an additional 994,727 shares in the last quarter. Morgan Stanley grew its stake in Telecom Argentina by 3,359.6% in the 2nd quarter. Morgan Stanley now owns 403,285 shares of the utilities provider’s stock worth $2,145,000 after acquiring an additional 391,628 shares in the last quarter. Wells Fargo & Company MN grew its stake in Telecom Argentina by 56.4% in the 2nd quarter. Wells Fargo & Company MN now owns 46,042 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 16,607 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Telecom Argentina by 1,227.4% in the 2nd quarter. Millennium Management LLC now owns 602,913 shares of the utilities provider’s stock worth $3,207,000 after acquiring an additional 557,494 shares in the last quarter. 2.61% of the stock is currently owned by institutional investors.
Telecom Argentina Company Profile (NYSE:TEO)
Telecom Argentina SA engages in the provision of telecommunications services. The company offers fixed-line telecommunications, mobile telecommunications, other telephone-related services such as international long-distance and wholesale services, data transmission, information technology solutions outsourcing, and internet services.
See Also: What is basic economics?
Receive News & Ratings for Telecom Argentina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom Argentina and related companies with MarketBeat.com's FREE daily email newsletter.