Telecom Argentina (NYSE:TEO) Stock Price Down 3.4% – Time to Sell?

Shares of Telecom Argentina S.A. (NYSE:TEO) fell 3.4% on Tuesday . The stock traded as low as $13.29 and last traded at $13.44. 68,172 shares traded hands during trading, a decline of 64% from the average session volume of 191,695 shares. The stock had previously closed at $13.92.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Telecom Argentina from $7.30 to $8.30 and gave the stock a “sell” rating in a report on Wednesday. StockNews.com raised shares of Telecom Argentina from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Scotiabank cut shares of Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and upped their price objective for the stock from $5.70 to $6.10 in a research report on Friday, September 20th.

Telecom Argentina Price Performance

The company has a 50 day moving average of $9.15 and a 200 day moving average of $8.03. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.31.

Institutional Trading of Telecom Argentina

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in shares of Telecom Argentina in the third quarter valued at about $80,000. Stifel Financial Corp acquired a new stake in Telecom Argentina during the third quarter worth $91,000. PFG Investments LLC purchased a new stake in Telecom Argentina in the second quarter valued at $104,000. Centiva Capital LP acquired a new position in shares of Telecom Argentina in the 3rd quarter valued at $123,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Telecom Argentina during the 2nd quarter worth $174,000.

About Telecom Argentina

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.