Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Receives Consensus Rating of “Hold” from Analysts

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have been given a consensus rating of “Hold” by the six analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.9250.

A number of research firms recently issued reports on TEO. UBS Group decreased their target price on Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating for the company in a report on Wednesday, August 12th. JPMorgan Chase & Co. increased their price target on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday. Wall Street Zen cut Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Scotiabank boosted their price objective 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, Morgan Stanley upgraded shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $13.00 to $17.00 in a research note on Wednesday, June 24th.

Insider Buying and Selling

In other Telecom Argentina Stet – France Telecom 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 transaction of $524,030.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Several institutional investors have recently modified their holdings of TEO. Van ECK Associates Corp acquired a new position in shares of Telecom Argentina Stet – France Telecom during the third quarter worth $43,000. EFG International AG purchased a new stake in Telecom Argentina Stet – France Telecom during the 4th quarter worth about $58,000. XP Advisory US Inc. purchased a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter worth about $82,000. Qube Research & Technologies Ltd acquired a new position in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter worth about $98,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter worth about $110,000.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of TEO stock opened at $13.03 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.50. Telecom Argentina Stet – France Telecom has a 52 week low of $6.43 and a 52 week high of $16.34. The stock has a market capitalization of $5.61 billion, a PE ratio of 10.59 and a beta of 1.33. The firm has a 50 day moving average of $13.39 and a two-hundred day moving average of $12.63.

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.