Telecom Argentina SA (TEO) to Issue None Dividend of $1.22 on January 8th

Telecom Argentina SA (NYSE:TEO) declared a None dividend on Monday, December 18th, Zacks reports. Shareholders of record on Thursday, December 28th will be given a dividend of 1.219 per share by the utilities provider on Monday, January 8th. This represents a yield of 3.07%. The ex-dividend date is Wednesday, December 27th.

Telecom Argentina (NYSE:TEO) traded down $0.79 during trading hours on Friday, reaching $38.91. The company’s stock had a trading volume of 663,400 shares, compared to its average volume of 182,721. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.35. Telecom Argentina has a one year low of $17.63 and a one year high of $40.19. The firm has a market capitalization of $7,695.13, a PE ratio of 17.41 and a beta of 1.48.

An institutional investor recently raised its position in Telecom Argentina stock. State Street Corp boosted its holdings in Telecom Argentina SA (NYSE:TEO) by 55.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,021 shares of the utilities provider’s stock after buying an additional 8,919 shares during the quarter. State Street Corp’s holdings in Telecom Argentina were worth $634,000 at the end of the most recent quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.

TEO has been the topic of a number of research reports. Zacks Investment Research upgraded Telecom Argentina from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine upgraded Telecom Argentina from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $29.67.

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Telecom Argentina Company Profile

Telecom Argentina SA 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).

Dividend History for Telecom Argentina (NYSE:TEO)

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