Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Given Consensus Rating of “Reduce” by Brokerages

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have earned a consensus rating of “Reduce” from the five analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.5667.

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp purchased a new position in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at $43,000. EFG International AG purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the 4th quarter worth about $58,000. Qube Research & Technologies Ltd purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter worth about $98,000. Engineers Gate Manager LP acquired a new stake in Telecom Argentina Stet – France Telecom in the 2nd quarter valued at about $110,000. Finally, XTX Topco Ltd acquired a new stake in Telecom Argentina Stet – France Telecom in the 4th quarter valued at about $189,000.

Telecom Argentina Stet – France Telecom Stock Up 0.7%

TEO stock opened at $11.07 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $11.70 and its 200 day moving average price is $10.49. Telecom Argentina Stet – France Telecom has a 52 week low of $6.43 and a 52 week high of $13.81. The company has a market cap of $4.77 billion, a P/E ratio of -31.61 and a beta of 1.26.

About Telecom Argentina Stet – France Telecom

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.