Telecom Argentina S.A. (TEO) Reaches $22.50 After 4.00% Up Move; Pimco Municipal Income Fund II (PML)’s Sentiment Is 0.94

June 4, 2018 - By Jonathan Benavides

The stock of Telecom Argentina S.A. (NYSE:TEO) is a huge mover today! The stock increased 2.83% or $0.62 during the last trading session, reaching $22.5. About 178,828 shares traded. Telecom Argentina S.A. (NYSE:TEO) has declined 5.69% since June 4, 2017 and is downtrending. It has underperformed by 18.26% the S&P500.The move comes after 6 months positive chart setup for the $2.70 million company. It was reported on Jun, 4 by Barchart.com. We have $23.40 PT which if reached, will make NYSE:TEO worth $108,000 more.

Pimco Municipal Income Fund II (PML) investors sentiment decreased to 0.94 in 2018 Q1. It’s down -0.34, from 1.28 in 2017Q4. The ratio turned negative, as 17 active investment managers started new or increased holdings, while 18 reduced and sold holdings in Pimco Municipal Income Fund II. The active investment managers in our database now possess: 3.68 million shares, down from 3.69 million shares in 2017Q4. Also, the number of active investment managers holding Pimco Municipal Income Fund II in top ten holdings was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 14 Increased: 13 New Position: 4.

The stock decreased 0.36% or $0.0478 during the last trading session, reaching $13.2322. About 58,824 shares traded. PIMCO Municipal Income Fund II (PML) has declined 0.99% since June 4, 2017 and is downtrending. It has underperformed by 13.56% the S&P500.

Selway Asset Management holds 2.96% of its portfolio in PIMCO Municipal Income Fund II for 377,900 shares. Alexandria Capital Llc owns 496,352 shares or 0.93% of their US portfolio. Moreover, Bank Of Stockton has 0.11% invested in the company for 21,000 shares. The Missouri-based Benjamin F. Edwards & Company Inc. has invested 0.08% in the stock. Hollencrest Capital Management, a California-based fund reported 26,745 shares.

Another recent and important PIMCO Municipal Income Fund II (NYSE:PML) news was published by Seekingalpha.com which published an article titled: “Weekly Review: Municipal Bond CEFs” on May 30, 2018.

Telecom Argentina S.A. provides fixed-line telecommunications and other telephone-related services to residential customers, businesses, and governmental agencies in Argentina and internationally. The company has market cap of $2.70 million. The firm operates in three divisions: Fixed Telecommunications Services, Personal Mobile Telecommunications Services, and Núcleo Mobile Telecommunications Services. It currently has negative earnings. It offers fixed services, including basic telephone services, such as local, domestic, and international long-distance telephone services, as well as public telephone services; interconnection services, which primarily include the access, termination, and long-distance transport of calls; and data transmission and Internet services comprising traditional broadband, Internet dedicated lines, private networks, national and international video streaming, radio and television signals transportation, and videoconferencing services.

Among 9 analysts covering Telecom Argentina (NYSE:TEO), 4 have Buy rating, 2 Sell and 3 Hold. Therefore 44% are positive. Telecom Argentina had 15 analyst reports since July 28, 2015 according to SRatingsIntel. As per Tuesday, April 3, the company rating was downgraded by Morgan Stanley. The firm has “Buy” rating given on Monday, January 8 by Citigroup. On Tuesday, September 6 the stock rating was upgraded by Morgan Stanley to “Overweight”. The stock has “Sell” rating by Goldman Sachs on Monday, September 28. The rating was downgraded by HSBC to “Reduce” on Thursday, February 22. JP Morgan upgraded Telecom Argentina S.A. (NYSE:TEO) rating on Thursday, May 12. JP Morgan has “Neutral” rating and $20 target. The stock of Telecom Argentina S.A. (NYSE:TEO) earned “Equal-Weight” rating by Morgan Stanley on Thursday, August 10. The rating was upgraded by Zacks on Tuesday, September 22 to “Hold”. The company was upgraded on Thursday, October 8 by Santander. The firm has “Neutral” rating given on Monday, November 23 by Goldman Sachs.

More news for Telecom Argentina S.A. (NYSE:TEO) were recently published by: Seekingalpha.com, which released: “Shaking Up The Argentinian Telecom Space” on May 28, 2018. Seekingalpha.com‘s article titled: “Telecom Argentina posts double-digit gains in Q1” and published on May 11, 2018 is yet another important article.

Telecom Argentina S.A. (NYSE:TEO) Ratings Chart

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