Telecom Argentina Stet – France Telecom (NYSE:TEO) Price Target Raised to $21.00

Telecom Argentina Stet – France Telecom (NYSE:TEO) had its price target upped by JPMorgan Chase & Co. from $19.00 to $21.00 in a research report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the utilities provider’s stock.

A number of other equities analysts have also recently weighed in on TEO. Zacks Research cut shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. 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. UBS Group reduced their price target 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. Morgan Stanley upgraded Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $17.00 in a research note on Wednesday, June 24th. Finally, Weiss Ratings downgraded Telecom Argentina Stet – France Telecom from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.93.

Telecom Argentina Stet – France Telecom Price Performance

Shares of TEO stock opened at $13.03 on Friday. The firm has a fifty day simple moving average of $13.39 and a 200-day simple moving average of $12.62. The company has a market capitalization of $5.61 billion, a PE ratio of 10.59 and a beta of 1.33. Telecom Argentina Stet – France Telecom has a twelve month low of $6.43 and a twelve month high of $16.34. 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 stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $2.78, for a total transaction of $524,030.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Several institutional investors and hedge funds have recently made changes to their positions in TEO. SPX Gestao de Recursos Ltda acquired a new position in Telecom Argentina Stet – France Telecom in the first quarter worth $8,565,000. Sagil Capital LLP bought a new stake in Telecom Argentina Stet – France Telecom during the fourth quarter valued at $7,629,000. Banco BTG Pactual S.A. acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the third quarter worth $2,725,000. RWC Asset Management LLP raised its holdings in shares of Telecom Argentina Stet – France Telecom by 50.7% during the fourth quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after purchasing an additional 339,416 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Telecom Argentina Stet – France Telecom in the 4th quarter worth about $1,969,000.

Telecom Argentina Stet – France Telecom Company Profile

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.