Telecom Argentina SA (TEO) Sees Large Volume Increase
Telecom Argentina SA (NYSE:TEO) shares saw an uptick in trading volume on Wednesday . 159,104 shares traded hands during trading, an increase of 95% from the previous session’s volume of 81,403 shares.The stock last traded at $17.64 and had previously closed at $18.18.
A number of research firms have weighed in on TEO. Zacks Investment Research raised Telecom Argentina SA from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, August 23rd. TheStreet raised Telecom Argentina SA from a “hold” rating to a “buy” rating in a report on Monday, July 11th. HSBC raised Telecom Argentina SA from a “reduce” rating to a “buy” rating and lifted their price objective for the company from $17.00 to $19.00 in a report on Thursday, May 12th. Finally, JPMorgan Chase & Co. raised Telecom Argentina SA from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $15.50 to $20.00 in a report on Thursday, May 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Telecom Argentina SA presently has an average rating of “Buy” and an average price target of $19.74.
The company has a 50-day moving average of $18.51 and a 200 day moving average of $18.39. The firm has a market cap of $3.42 billion and a price-to-earnings ratio of 16.11.
The company also recently declared a dividend, which will be paid on Friday, September 2nd. Investors of record on Thursday, August 25th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Tuesday, August 23rd.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.