Telecom Argentina SA (ADR) (TEO) Reaches $34.16 After 7.00% Up Move; Profile of 4 Analysts Covering Renold plc (LON:RNO)

November 8, 2017 - By Nellie Frank

Among 5 analysts covering Renold PLC (LON:RNO), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Renold PLC had 45 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by FinnCap with “Hold” on Monday, July 18. The rating was maintained by N+1 Singer on Monday, June 12 with “Buy”. The firm earned “Buy” rating on Friday, April 15 by Numis Securities. The stock has “Hold” rating by FinnCap on Monday, December 19. The company was maintained on Tuesday, May 30 by Cantor Fitzgerald. Cantor Fitzgerald maintained it with “Buy” rating and GBX 70 target in Wednesday, December 2 report. Arden Partners maintained the shares of RNO in report on Thursday, December 22 with “Buy” rating. Numis Securities maintained Renold plc (LON:RNO) rating on Wednesday, February 10. Numis Securities has “Add” rating and GBX 50 target. N+1 Singer maintained the stock with “Buy” rating in Thursday, October 13 report. The firm has “Buy” rating by N+1 Singer given on Tuesday, April 11. See Renold plc (LON:RNO) latest ratings:

27/10/2017 Broker: FinnCap Rating: Hold Old Target: GBX 50.00 New Target: GBX 50.00 Maintain
12/10/2017 Broker: FinnCap Rating: Hold Old Target: GBX 65.00 New Target: GBX 50.00 Downgrade
27/06/2017 Broker: FinnCap Rating: Buy Old Target: GBX 65.00 New Target: GBX 65.00 Maintain
12/06/2017 Broker: N+1 Singer Rating: Buy Old Target: GBX 70.00 New Target: GBX 86.00 Maintain
01/06/2017 Broker: FinnCap Rating: Buy Old Target: GBX 44.00 New Target: GBX 65.00 Upgrade
31/05/2017 Broker: Numis Securities Rating: Buy New Target: GBX 70.00 Maintain
30/05/2017 Broker: N+1 Singer Rating: Buy Maintain
30/05/2017 Broker: Cantor Fitzgerald Rating: Buy Old Target: GBX 65.00 New Target: GBX 65.00 Maintain
30/05/2017 Broker: FinnCap Rating: Hold Old Target: GBX 44.00 New Target: GBX 44.00 Maintain

The stock of Telecom Argentina SA (ADR) (NYSE:TEO) is a huge mover today! The stock increased 4.69% or $1.53 on November 8, reaching $34.16. About 198,771 shares traded. Telecom Argentina SA (ADR) (NYSE:TEO) has risen 35.98% since November 8, 2016 and is uptrending. It has outperformed by 19.28% the S&P500.The move comes after 6 months positive chart setup for the $3.21 billion company. It was reported on Nov, 8 by Barchart.com. We have $36.55 PT which if reached, will make NYSE:TEO worth $224.70 million more.

Telecom Argentina S.A. 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 has market cap of $3.21 billion. The Company’s divisions include Fixed Telecommunications Services , Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services). It has a 19.91 P/E ratio. The Company, through its subsidiaries, also provides mobile telecommunications services and international wholesale services.

Among 8 analysts covering Telecom Argentina (NYSE:TEO), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Telecom Argentina has $30 highest and $14 lowest target. $22.10’s average target is -35.30% below currents $34.16 stock price. Telecom Argentina had 12 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was upgraded by Zacks on Tuesday, September 22 to “Hold”. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, August 10 report. The stock has “Overweight” rating by Morgan Stanley on Tuesday, September 6. HSBC upgraded Telecom Argentina SA (ADR) (NYSE:TEO) on Thursday, May 12 to “Buy” rating. Santander upgraded the stock to “Buy” rating in Thursday, October 8 report. The stock of Telecom Argentina SA (ADR) (NYSE:TEO) earned “Buy” rating by Bank of America on Monday, July 3. The firm has “Neutral” rating by JP Morgan given on Thursday, May 12. The stock of Telecom Argentina SA (ADR) (NYSE:TEO) has “Outperform” rating given on Tuesday, July 28 by Raymond James. Goldman Sachs downgraded Telecom Argentina SA (ADR) (NYSE:TEO) rating on Monday, September 28. Goldman Sachs has “Sell” rating and $14 target. The firm earned “Neutral” rating on Monday, November 23 by Goldman Sachs.

Renold plc is engaged in delivering engineered and power transmission products and solutions across the world. The company has market cap of 101.19 million GBP. The Company’s Chain segment makes and sells power transmission and conveyor chain and includes sales of torque transmission product through Chain National Sales Companies . It has a 9.74 P/E ratio. It has manufacturing sites in the United States, Germany, India, China, Malaysia and Australia.

The stock decreased 0.82% or GBX 0.38 on November 8, reaching GBX 45.5. About 81,100 shares traded or 57.78% up from the average. Renold plc (LON:RNO) has 0.00% since November 8, 2016 and is . It has underperformed by 16.70% the S&P500.

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By1 Nellie Frank




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