Nortel Inversora SA (NYSE:NTL) Downgraded to Hold at BidaskClub

Nortel Inversora SA (NYSE:NTL) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Monday, July 24th.

Separately, TheStreet raised shares of Nortel Inversora SA from a “c” rating to a “b” rating in a research report on Friday, April 28th.

Shares of Nortel Inversora SA (NTL) opened at 34.00 on Monday. The stock’s 50 day moving average is $33.09 and its 200 day moving average is $28.78. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 37.08 and a beta of 1.11. Nortel Inversora SA has a 12 month low of $19.80 and a 12 month high of $35.22.

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A hedge fund recently bought a new stake in Nortel Inversora SA stock. Fiera Capital Corp acquired a new position in Nortel Inversora SA (NYSE:NTL) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 27,596 shares of the utilities provider’s stock, valued at approximately $862,000. 0.01% of the stock is owned by hedge funds and other institutional investors.

About Nortel Inversora SA

Nortel Inversora SA is a holding company. The Company owns a controlling interest in Telecom Argentina SA, which provides fixed-line public telecommunication services, international long-distance service, data transmission and Internet services in Argentina. The Company’s Fixed Services segment offers products and services, including local area, national long-distance and international communications, supplementary services (including call waiting, itemized invoicing and voicemail), interconnection with other operators, data transmission, Internet services, information technology (IT) solution outsourcing and sales of equipment.

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