Scotiabank Increases Telecom Argentina Stet – France Telecom (NYSE:TEO) Price Target to $9.20

Telecom Argentina Stet – France Telecom (NYSE:TEO) had its target price upped by equities research analysts at Scotiabank from $8.60 to $9.20 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “sector underperform” rating on the utilities provider’s stock. Scotiabank’s price objective suggests a potential downside of 31.36% from the company’s current price.

Several other research analysts have also commented on the company. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. Zacks Research raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. upgraded Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and raised their target price for the company from $12.00 to $16.00 in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.07.

Telecom Argentina Stet – France Telecom Trading Up 5.2%

Shares of Telecom Argentina Stet – France Telecom stock traded up $0.66 on Wednesday, reaching $13.40. The company had a trading volume of 70,801 shares, compared to its average volume of 300,061. The firm’s 50 day moving average price is $11.73 and its two-hundred day moving average price is $11.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58. Telecom Argentina Stet – France Telecom has a 52-week low of $6.43 and a 52-week high of $13.81. The firm has a market cap of $5.77 billion, a PE ratio of 26.26 and a beta of 1.26.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. The firm had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. Sell-side analysts predict that Telecom Argentina Stet – France Telecom will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter valued at about $43,000. EFG International AG acquired a new position in Telecom Argentina Stet – France Telecom in the fourth quarter valued at approximately $58,000. Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom in the third quarter valued at approximately $98,000. Engineers Gate Manager LP purchased a new position in Telecom Argentina Stet – France Telecom in the second quarter valued at approximately $110,000. Finally, Hsbc Holdings PLC acquired a new stake in Telecom Argentina Stet – France Telecom during the fourth quarter worth approximately $171,000.

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.