Telecom Argentina Stet – France Telecom (NYSE:TEO) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) from a buy rating to a hold rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Several other analysts also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Zacks Research cut Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. UBS Group reduced their price objective on Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Scotiabank lifted their target price on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Telecom Argentina Stet – France Telecom has an average rating of “Hold” and a consensus target price of $15.93.

Telecom Argentina Stet – France Telecom Trading Up 0.1%

TEO stock opened at $13.71 on Friday. The company has a market capitalization of $5.90 billion, a PE ratio of 11.15 and a beta of 1.33. Telecom Argentina Stet – France Telecom has a 12 month low of $6.51 and a 12 month high of $16.34. The firm’s 50-day moving average is $13.50 and its 200 day moving average is $12.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.58 and a quick ratio of 0.55.

Insider Transactions at Telecom Argentina Stet – France Telecom

In related news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $2.78, for a total value of $524,030.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several hedge funds and other institutional investors have recently bought and sold shares of TEO. ABS Direct Equity Fund LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter valued at $3,033,000. Engineers Gate Manager LP lifted its stake in shares of Telecom Argentina Stet – France Telecom by 105.6% during the 2nd quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider’s stock worth $1,130,000 after purchasing an additional 44,647 shares during the last quarter. Absolute Gestao de Investimentos Ltda. lifted its stake in shares of Telecom Argentina Stet – France Telecom by 156.7% during the 2nd quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider’s stock worth $2,898,000 after purchasing an additional 136,091 shares during the last quarter. XP Advisory US Inc. bought a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at about $82,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in Telecom Argentina Stet – France Telecom during the first quarter valued at about $8,565,000.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina SA, formerly known as Telecom Argentina STET-France Telecom, is a telecommunications company serving consumers, businesses and public-sector organizations primarily in Argentina. The company provides mobile and fixed-line voice services, broadband internet access, data connectivity and other communications solutions.

Its consumer brands include Personal for mobile and broadband services and Flow for pay television, video streaming and related entertainment offerings. Telecom Argentina also provides information and communications technology services to corporate and institutional customers, including connectivity, data transmission, cloud, cybersecurity and other digital solutions.

The company was established following Argentina’s telecommunications privatization in the early 1990s, with STET and France Télécom initially participating in its ownership.