Telecom Argentina Reaches Analyst Target Price
February 06, 2017 at 09:02 AM EST
In recent trading, shares of Telecom Argentina SA (TEO) have crossed above the average analyst 12-month target price of $21.00, changing hands for $22.70/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..