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Telecom Argentina SA (ADR) (NYSE:TEO) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Boasting a price of $25.85, Telecom Argentina SA (ADR) (NYSE:TEO) traded 1.28% higher on the day. With the last stock price close up 20.34% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Telecom Argentina SA (ADR) has recorded a 50-day average of $29.66 and a two hundred day average of $25.70. Volume of trade was down over the average, with 218,102 shares of TEO changing hands under the typical 261,022

Zacks Investment Research has downgraded Telecom Argentina SA (ADR) (NYSE:TEO) to Hold in a statement released on 6/21/2017.

Performance Chart

Telecom Argentina SA (ADR) (NYSE:TEO)

With a total market value of $0, Telecom Argentina SA (ADR) has price-earnings ratio of 17.72 with a one year low of $17.04 and a one year high of $32.12 .

A total of 5 equity analysts have released a research note on TEO. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, two equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $18.84.

More About Telecom Argentina SA (ADR) (NYSE:TEO)

Telecom Argentina S.A. provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company's segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services). The Company, through its subsidiaries, also provides mobile telecommunications services and international wholesale services. The Fixed services segment consists of basic telephone services, interconnection services, data transmission and Internet services, information and communication technology services, and other telephone services. The Company, through its subsidiaries, such as Telecom Personal S.A. and Nucleo S.A., provides mobile services in Argentina and Paraguay, respectively.

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