JPMorgan Chase & Co. Increases Telecom Argentina Stet – France Telecom (NYSE:TEO) Price Target to $19.00

Telecom Argentina Stet – France Telecom (NYSE:TEO) had its price target raised by equities researchers at JPMorgan Chase & Co. from $16.00 to $19.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 38.07% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Scotiabank raised 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 report on Wednesday, May 27th. Finally, Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Telecom Argentina Stet – France Telecom has a consensus rating of “Moderate Buy” and a consensus price target of $15.07.

Telecom Argentina Stet – France Telecom Stock Performance

TEO traded up $0.39 during trading on Tuesday, hitting $13.76. The stock had a trading volume of 37,417 shares, compared to its average volume of 338,922. Telecom Argentina Stet – France Telecom has a twelve month low of $6.43 and a twelve month high of $15.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58. The company’s 50-day moving average price is $12.13 and its 200 day moving average price is $11.88. The firm has a market capitalization of $5.93 billion, a P/E ratio of 26.98 and a beta of 1.32.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%.The company had revenue of $1.35 billion during the quarter. On average, equities research analysts forecast that Telecom Argentina Stet – France Telecom will post 1.41 EPS for the current fiscal year.

Insider Activity at Telecom Argentina Stet – France Telecom

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was bought 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 directly owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. The trade was a 10.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 1st quarter valued at approximately $1,015,000. SPX Gestao de Recursos Ltda bought a new position in Telecom Argentina Stet – France Telecom during the first quarter worth $8,565,000. Y Intercept Hong Kong Ltd boosted its holdings in Telecom Argentina Stet – France Telecom by 8.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock worth $249,000 after purchasing an additional 1,628 shares during the period. Pictet Asset Management Holding SA acquired a new position in Telecom Argentina Stet – France Telecom in the first quarter worth $561,000. Finally, Verde Servicos Internacionais S.A. bought a new stake in Telecom Argentina Stet – France Telecom during the first quarter valued at $701,000.

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.