Morning Buzz: Telecom Argentina S.A. (NYSE:TEO), Patriot National (NYSE:PN), International Business Machines Corporation (NYSE:IBM), Bitauto Holdings (NYSE:BITA), Safe Bulkers (NYSE:SB)

On 5 March 2015, Telecom Argentina S.A. (NYSE:TEO) has appointed Elisabetta Ripa as the company’s new CEO. Ripa will replace Oscar Cicchetti, who has resigned and will take on an unspecified post at Telecom Italia, which holds a controlling stake in the Argentine company. On Monday shares of Telecom Argentina S.A. (NYSE:TEO) closed at $24.66. Company’s sales growth for last 5 years was 20.90% and EPS growth for next 5 years is recorded as -5.80%.

William Blair started coverage on shares of Patriot National (NYSE:PN) in a research note issued on 6 March 2015. The firm set an “outperform” rating on the stock. Patriot National, Inc. (NYSE:PN) in last trading activity advanced 11.86% to close at $12.36. Company weekly performance is 1.64%. Patriot National, Inc. (NYSE:PN) is -13.99% away from its 52 week high.

International Business Machines Corporation (NYSE:IBM)’s CEO says the company’s plan to revamp its business to shift away from hardware and focus on business analytics, cloud computing, mobile services and security is on track. On Monday shares of International Business Machines Corporation (NYSE:IBM) closed at $157.08. Company’s sales growth for last 5 years was -0.60% and EPS growth for next 5 years is recorded as 4.51%.

On 9 March 2015, Bitauto Holdings Ltd. (NYSE:BITA) reported fourth quarter non-GAAP earnings of $0.68 per ADS Monday morning, down from $1.81 per ADS last year. Bitauto Holdings traded to the downside until around 1:00PM Monday, but settled into a range for the remainder of the session. Shares finished with a loss of 11.64 at $55.36 on the highest volume of the year. The stock closed testing support, trading at a 1-month low. Bitauto Holdings Limited (NYSE:BITA) has institutional ownership stands at 47.20%. In last trading activity company’s stock closed at $47.39.

Safe Bulkers, Inc. (NYSE:SB) announced on 11 March 2015, that it has filed its 2014 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”). On last trading day Safe Bulkers, Inc. (NYSE:SB) moved down -1.52% to close at $3.24. Its volatility for the week is 5.28% while volatility for the month is 5.23%. SB’s sales growth for past 5 years was -1.30% and its EPS growth for past 5 years was -54.40%. Safe Bulkers, Inc. (NYSE:SB) monthly performance is -9.75%.

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