Telecom Argentina SA (NYSE:TEO) shares saw an uptick in trading volume on Monday . 93,172 shares changed hands during mid-day trading, an increase of 39% from the previous session’s volume of 66,833 shares.The stock last traded at $18.23 and had previously closed at $18.00.

A number of research analysts have issued reports on TEO shares. TheStreet upgraded Telecom Argentina SA from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. Zacks Investment Research upgraded Telecom Argentina SA from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th. HSBC upgraded Telecom Argentina SA from a “reduce” rating to a “buy” rating and lifted their target price for the company from $17.00 to $19.00 in a research report on Thursday, May 12th. Finally, JPMorgan Chase & Co. upgraded Telecom Argentina SA from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $15.50 to $20.00 in a research report on Thursday, May 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.94.

The stock has a market cap of $3.54 billion and a P/E ratio of 16.44. The firm has a 50 day moving average of $18.63 and a 200-day moving average of $18.28.

The firm also recently disclosed a dividend, which will be paid on Friday, September 2nd. Stockholders of record on Thursday, August 25th will be issued a dividend of $0.455 per share. The ex-dividend date is Tuesday, August 23rd.

A hedge fund recently raised its stake in Telecom Argentina SA stock. Morgan Stanley raised its stake in shares of Telecom Argentina SA (NYSE:TEO) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,487,281 shares of the company’s stock after buying an additional 299,116 shares during the period. Morgan Stanley owned approximately 0.77% of Telecom Argentina SA worth $23,901,000 as of its most recent filing with the SEC.

Telecom Argentina SA provides fixed-line telecommunications services and other telephone-related services, such as international long-distance service, data transmission, information technology (IT) solutions outsourcing and Internet services. The Company provides mobile telecommunications services and international wholesale services.

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