NEW YORK ( TheStreet) -- Telecom Argentina (NYSE: TEO) is trading at unusually high volume Friday with 726,112 shares changing hands. It is currently at 4.9 times its average daily volume and trading up 86 cents (+3.6%) at $24.91 as of 4:05 p.m. ET.

Telecom Argentina has a market cap of $4.8 billion and is part of the technology sector and telecommunications industry. Shares are down 3.4% year to date as of the close of trading on Thursday.

Telecom Argentina S.A., through its subsidiaries, provides fixed-line telecommunication services and other telephone-related services in Argentina. It operates in two segments, Voice, Data, and Internet; and Wireless. The company has a P/E ratio of 42.2, above the average telecommunications industry P/E ratio of 37.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Telecom Argentina as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Telecom Argentina Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.