Telecom Argentina SA (ADR) (TEO) is Upgraded by JP Morgan to Neutral

Telecom Argentina SA (ADR) (TEO) was Upgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Underweight ” on the company shares. JP Morgan advised their investors in a research report released on May 12, 2016.

Telecom Argentina SA (ADR) opened for trading at $18.24 and hit $18.64 on the upside on Tuesday, eventually ending the session at $18.42, with a gain of 2.29% or 0.4126 points. The heightened volatility saw the trading volume jump to 36,082 shares. Company has a market cap of $3,570 M.

Telecom Argentina S.A. provides fixed-line telecommunications services and other telephone-related services such as international long-distance service data transmission information technology (IT) solutions outsourcing and Internet services. The Company provides mobile telecommunications services and international wholesale services. It operates in three segments: Fixed Telecommunications Services (Fixed Services) Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services). Telecom Personal S.A. (Personal) is its subsidiary engaged in the provision of mobile telecommunication services in Argentina. Nucleo S.A. (Nucleo) is Personal’s subsidiary engaged in the provision of mobile telecommunication services in Paraguay. Personal Envios S.A. (Envios) is Nucleo’s subsidiary engaged in the provision of mobile financial services in Paraguay.

Telecom Argentina SA (ADR)

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