RWC Asset Advisors US LLC lessened its holdings in Telecom Argentina S.A. (NYSE:TEO – Free Report) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,157,122 shares of the utilities provider’s stock after selling 61,460 shares during the quarter. Telecom Argentina accounts for about 0.9% of RWC Asset Advisors US LLC’s holdings, making the stock its 14th biggest position. RWC Asset Advisors US LLC’s holdings in Telecom Argentina were worth $8,366,000 at the end of the most recent quarter.
Separately, Oaktree Capital Management LP lifted its holdings in shares of Telecom Argentina by 0.4% in the 4th quarter. Oaktree Capital Management LP now owns 2,454,156 shares of the utilities provider’s stock valued at $17,547,000 after buying an additional 10,000 shares during the period.
Analyst Ratings Changes
Several research firms have issued reports on TEO. StockNews.com upgraded Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Wednesday, June 5th. Scotiabank raised shares of Telecom Argentina from a “sector underperform” rating to a “sector perform” rating in a research note on Tuesday, August 6th.
Telecom Argentina Price Performance
Shares of Telecom Argentina stock opened at $6.97 on Tuesday. The company has a 50-day moving average of $6.84 and a two-hundred day moving average of $7.49. Telecom Argentina S.A. has a 12-month low of $4.50 and a 12-month high of $9.97. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.37.
Telecom Argentina Company Profile
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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