Telecom Argentina Stet – France Telecom (NYSE:TEO) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other brokerages have also issued reports on TEO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. UBS Group set a $17.00 target price on shares of Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $11.57.

Telecom Argentina Stet – France Telecom Stock Performance

NYSE TEO opened at $11.18 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.56. Telecom Argentina Stet – France Telecom has a twelve month low of $6.43 and a twelve month high of $13.81. The business has a 50-day moving average price of $11.72 and a 200-day moving average price of $10.40. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of -31.93 and a beta of 1.22.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 1st quarter worth $379,000. Arrowstreet Capital Limited Partnership grew its position in Telecom Argentina Stet – France Telecom by 321.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after acquiring an additional 79,893 shares in the last quarter. Marshall Wace LLP bought a new stake in Telecom Argentina Stet – France Telecom during the second quarter worth approximately $346,000. Jump Financial LLC purchased a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $596,000. Finally, Jane Street Group LLC bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter valued at approximately $578,000.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina Stet – France Telecom (NYSE:TEO) is an integrated telecommunications provider based in Buenos Aires, Argentina. Originally formed through the 1990 privatization of the state-owned Empresa Nacional de Telecomunicaciones (ENTel), the company was initially backed by Italian state carrier STET and French operator France Télécom. Since its listing on the New York Stock Exchange under the ticker TEO, Telecom Argentina has evolved into one of the country’s principal communications groups, offering a comprehensive portfolio of voice and data services.

The company’s core business activities span fixed-line telephony, mobile services, broadband internet and digital television.