Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Rating Upgraded by Wall Street Zen

Telecom Argentina Stet – France Telecom (NYSE:TEO) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other equities research analysts have also issued reports on TEO. JPMorgan Chase & Co. upped their target price on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Zacks Research cut Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Scotiabank lifted 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 report on Wednesday, May 27th. Finally, Morgan Stanley upgraded Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $13.00 to $17.00 in a report on Wednesday, June 24th. Three investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.55.

Telecom Argentina Stet – France Telecom Stock Down 0.0%

NYSE TEO opened at $13.12 on Friday. The business has a fifty day moving average price of $13.21 and a 200 day moving average price of $12.22. Telecom Argentina Stet – France Telecom has a one year low of $6.43 and a one year high of $16.34. 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 has a market cap of $5.65 billion, a P/E ratio of 25.72 and a beta of 1.35.

Insider Activity

In other news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of $13.43 per share, with a total value of $522,292.70. Following the transaction, the director owned 399,348 shares in the company, valued at $5,363,243.64. This represents a 10.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd boosted its stake 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 during the period. Bank of America Corp DE increased its position in shares of Telecom Argentina Stet – France Telecom by 21.3% during the second quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 4,714 shares during the last quarter. EFG International AG acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at about $58,000. Van ECK Associates Corp purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter valued at approximately $43,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter valued at approximately $110,000.

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.