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

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.4250.

TEO has been the subject of a number of research analyst reports. UBS Group cut 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. JPMorgan Chase & Co. boosted 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 research report on Tuesday, June 9th. Zacks Research cut shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. 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 company from $13.00 to $17.00 in a research note on Wednesday, June 24th. Finally, Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th.

Telecom Argentina Stet – France Telecom Stock Performance

TEO opened at $13.27 on Tuesday. The firm has a market capitalization of $5.72 billion, a P/E ratio of 10.79 and a beta of 1.36. The stock’s 50 day moving average price is $13.37 and its two-hundred day moving average price is $12.57. 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 12-month low of $6.43 and a 12-month high of $16.34.

Insider Activity at Telecom Argentina Stet – France Telecom

In other news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Institutional investors have recently added to or reduced their stakes in the company. SPX Gestao de Recursos Ltda acquired a new position in Telecom Argentina Stet – France Telecom in the 1st quarter valued at approximately $8,565,000. Sagil Capital LLP acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 4th quarter worth approximately $7,629,000. Banco BTG Pactual S.A. acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter worth approximately $2,725,000. RWC Asset Management LLP increased its position 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 valued at $11,717,000 after purchasing an additional 339,416 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $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.