Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Given Average Rating of “Hold” by Analysts

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $15.55.

A number of research firms have issued reports on TEO. Scotiabank raised their target price on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a research report on Wednesday, May 27th. Zacks Research downgraded Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. JPMorgan Chase & Co. lifted their price objective on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th.

Telecom Argentina Stet – France Telecom Price Performance

Telecom Argentina Stet – France Telecom stock opened at $13.53 on Monday. Telecom Argentina Stet – France Telecom has a 12 month low of $6.43 and a 12 month high of $16.34. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $13.06 and its 200 day simple moving average is $12.15. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 26.53 and a beta of 1.35.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $13.43 per share, with a total value of $522,292.70. Following the completion of the transaction, the director directly owned 399,348 shares in the company, valued at approximately $5,363,243.64. This trade represents a 10.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. RWC Asset Management LLP grew its stake in Telecom Argentina Stet – France Telecom by 50.7% in the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock valued at $11,717,000 after buying an additional 339,416 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Telecom Argentina Stet – France Telecom in the first quarter valued at $8,565,000. Sagil Capital LLP purchased a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter valued at $7,629,000. Banco BTG Pactual S.A. bought a new stake in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter valued at $2,725,000. Finally, UBS Group AG raised its stake in shares of Telecom Argentina Stet – France Telecom by 25.7% during the 4th quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock valued at $3,409,000 after purchasing an additional 60,033 shares during the period.

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.