StockNews.com upgraded shares of Telecom Argentina (NYSE:TEO – Free Report) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
TEO has been the topic of several other reports. The Goldman Sachs Group started coverage on shares of Telecom Argentina in a report on Wednesday, October 23rd. They issued a “sell” rating on the stock. Scotiabank lowered Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and raised their target price for the stock from $5.70 to $6.10 in a report on Friday, September 20th.
Get Our Latest Analysis on TEO
Telecom Argentina Stock Up 2.7 %
Institutional Investors Weigh In On Telecom Argentina
A number of institutional investors have recently modified their holdings of TEO. XTX Topco Ltd purchased a new position in Telecom Argentina during the third quarter worth approximately $80,000. Stifel Financial Corp acquired a new stake in Telecom Argentina in the 3rd quarter valued at $91,000. Centiva Capital LP purchased a new stake in Telecom Argentina in the 3rd quarter worth $123,000. Cubist Systematic Strategies LLC purchased a new position in Telecom Argentina during the second quarter valued at $334,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Telecom Argentina in the second quarter valued at about $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.
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