American Banking News | March 16, 2011
Equities research analysts at Standpoint Research upgraded shares of Telecom Argentina (NYSE: TEO) from a “hold” rating to an “accumulate” rating in a research note to investors on Tuesday. The analysts currently have a $27.00 price target on the stock.
Separately, analysts at Zacks Investment Research upgraded shares of Telecom Argentina from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, February 3rd.
Telecom Argentina S.A. (Telecom Argentina) is engaged in providing fixed-line telecommunications services in Argentina. Telecom Argentina also provides other telephone-related services, such as international long-distance service, data transmission, information technology (IT) solutions outsourcing and Internet services, and through its subsidiaries, provides wireless telecommunications services and international wholesale services. Through its broadband and third-generation (3G) mobile coverage, Telecom Argentina offers its customers continuous Internet access, providing Internet access for both recreational and professional activities.
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