2 weeks Ago By ABMN Staff
Telecom Argentina ( NYSE:TEO – Get Free Report ) had its target price lifted by equities researchers at The Goldman Sachs Group from $8.30 to $9.50 in a report issued on Wednesday, Benzinga reports.
The firm currently has a “sell” rating on the utilities provider’s stock. The Goldman Sachs Group’s price target indicates a potential downside of 6.22% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Scotiabank boosted their price objective on shares of Telecom Argentina from $6.10 to $6.
20 and gave the stock a “sector underperform” rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. upgraded Telecom Argentina from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $10.
00 to $13.00 in a research report on Tuesday, February 25th. Read Our Latest Analysis on Telecom Argentina Telecom Argentina Trading Down 3.
2 % Telecom Argentina ( NYSE:TEO – Get Free Report ) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.
47) by $0.64. The company had revenue of $1.
29 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Telecom Argentina had a negative return on equity of 1.
26% and a negative net margin of 1.91%. As a group, sell-side analysts expect that Telecom Argentina will post 1.
28 EPS for the current fiscal year. Institutional Investors Weigh In On Telecom Argentina Several institutional investors and hedge funds have recently made changes to their positions in TEO. JGP Global Gestao de Recursos Ltda.
acquired a new position in Telecom Argentina in the fourth quarter valued at approximately $853,000. Stifel Financial Corp acquired a new position in shares of Telecom Argentina during the 3rd quarter valued at $91,000. Freedom Investment Management Inc.
bought a new position in Telecom Argentina during the fourth quarter worth $577,000. Atlas Capital Advisors Inc. acquired a new stake in Telecom Argentina in the fourth quarter worth $106,000.
Finally, Advisors Preferred LLC bought a new stake in Telecom Argentina in the fourth quarter valued at $75,000. Telecom Argentina Company Profile ( Get Free Report ) 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.
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