Telecom Argentina Stet – France Telecom (NYSE:TEO) Raised to “Hold” at Zacks Research

Telecom Argentina Stet – France Telecom (NYSE:TEO) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research analysts also recently commented on the stock. 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 report on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday. Finally, Scotiabank raised Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and increased their target price for the company from $4.50 to $8.20 in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.93.

Telecom Argentina Stet – France Telecom Trading Down 0.3%

Shares of NYSE TEO opened at $12.86 on Tuesday. Telecom Argentina Stet – France Telecom has a twelve month low of $6.43 and a twelve month high of $15.53. The firm has a market cap of $5.54 billion, a PE ratio of -428.42 and a beta of 1.34. The business has a fifty day simple moving average of $9.11 and a two-hundred day simple moving average of $9.31. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.48.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings results on Monday, November 10th. The utilities provider reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.13. Telecom Argentina Stet – France Telecom had a negative return on equity of 0.26% and a negative net margin of 0.28%.The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. Analysts expect that Telecom Argentina Stet – France Telecom will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers purchased a new position in Telecom Argentina Stet – France Telecom during the 1st quarter worth $271,000. Invesco Ltd. raised its stake in Telecom Argentina Stet – France Telecom by 19.8% in the first quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider’s stock valued at $571,000 after buying an additional 9,243 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Telecom Argentina Stet – France Telecom in the first quarter worth about $119,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the first quarter worth about $329,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Telecom Argentina Stet – France Telecom by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,872 shares of the utilities provider’s stock valued at $25,270,000 after acquiring an additional 152,837 shares in the last quarter.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.