Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Gap Down – Here’s What Happened

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) gapped down before the market opened on Friday. The stock had previously closed at $13.98, but opened at $13.39. Telecom Argentina Stet – France Telecom shares last traded at $13.15, with a volume of 4,939 shares.

Analyst Ratings Changes

TEO has been the subject of several research analyst reports. Wall Street Zen lowered Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. JPMorgan Chase & Co. increased their target price on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Morgan Stanley upgraded Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $13.00 to $17.00 in a report on Wednesday, June 24th. Weiss Ratings upgraded shares of Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Finally, UBS Group cut their target price on shares of Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.93.

Telecom Argentina Stet – France Telecom Price Performance

The firm has a market capitalization of $5.73 billion, a PE ratio of 10.80 and a beta of 1.33. The company has a fifty day moving average price of $13.53 and a two-hundred day moving average price of $12.85. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Insiders Place Their Bets

In other Telecom Argentina Stet – France Telecom news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $2.78, for a total transaction of $524,030.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TEO. XP Advisory US Inc. purchased a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter valued at $82,000. Y Intercept Hong Kong Ltd boosted its holdings in Telecom Argentina Stet – France Telecom by 8.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock worth $249,000 after buying an additional 1,628 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth about $561,000. Verde Servicos Internacionais S.A. acquired a new position in Telecom Argentina Stet – France Telecom during the first quarter worth about $701,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 1st quarter worth approximately $1,015,000.

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.