Telecom Argentina Stet – France Telecom (NYSE:TEO) Reaches New 1-Year High – Here’s What Happened

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s share price hit a new 52-week high on Thursday . The stock traded as high as $15.28 and last traded at $15.5350, with a volume of 141277 shares traded. The stock had previously closed at $14.23.

Analysts Set New Price Targets

TEO has been the topic of a number of research reports. 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. Scotiabank upped their price target on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a research note on Wednesday, May 27th. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. upped their price target on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.07.

Telecom Argentina Stet – France Telecom Stock Performance

The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 31.07 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.56. The firm has a 50 day moving average price of $12.25 and a 200-day moving average price of $11.91.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $1.35 billion for the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%. As a group, sell-side analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.41 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Alejandro Alberto Urricelqui acquired 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of $13.43 per share, for a total transaction of $522,292.70. Following the completion of the purchase, the director owned 399,348 shares in the company, valued at approximately $5,363,243.64. The trade was a 10.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Trading of Telecom Argentina Stet – France Telecom

Hedge funds and other institutional investors have recently bought and sold shares of the business. Monaco Asset Management SAM acquired a new stake in Telecom Argentina Stet – France Telecom in the third quarter valued at $872,000. RWC Asset Management LLP raised its stake in Telecom Argentina Stet – France Telecom by 50.7% in the fourth 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. UBS Group AG raised its stake in Telecom Argentina Stet – France Telecom by 25.7% in the fourth quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock valued at $3,409,000 after buying an additional 60,033 shares in the last quarter. CenterBook Partners LP acquired a new stake in Telecom Argentina Stet – France Telecom in the fourth quarter valued at $1,097,000. Finally, SPX Gestao de Recursos Ltda acquired a new stake in Telecom Argentina Stet – France Telecom in the first quarter valued at $8,565,000.

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.