Telecom Argentina Stet – France Telecom (NYSE:TEO) Share Price Breaks Above 200-Day Moving Average – Here’s Why

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $12.91 and traded as high as $12.99. Telecom Argentina Stet – France Telecom shares last traded at $12.8050, with a volume of 358,073 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Zacks Research lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings lowered Telecom Argentina Stet – France Telecom from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. 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 research note on Wednesday, June 24th. Finally, UBS Group reduced their price target on 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 research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.93.

Telecom Argentina Stet – France Telecom Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.58. The firm has a market cap of $5.33 billion, a P/E ratio of 10.07 and a beta of 1.35. The business’s 50-day simple moving average is $13.24 and its 200 day simple moving average is $12.91.

Insider Buying and Selling

In other news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Large investors have recently made changes to their positions in the company. Artemis Investment Management LLP purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter worth approximately $11,422,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Telecom Argentina Stet – France Telecom in the first quarter valued at $8,565,000. Sagil Capital LLP purchased a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter valued at $7,629,000. ABS Direct Equity Fund LLC bought a new stake in Telecom Argentina Stet – France Telecom in the second quarter worth $3,033,000. Finally, Absolute Gestao de Investimentos Ltda. increased its position in Telecom Argentina Stet – France Telecom by 156.7% in the second quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider’s stock worth $2,898,000 after purchasing an additional 136,091 shares during the last quarter.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA, formerly known as Telecom Argentina Stet-France Telecom SA, is an Argentine telecommunications company that provides connectivity and communications services to consumers, businesses and government organizations. Its operations include fixed-line and mobile voice services, broadband internet, data transmission, digital communications and information technology solutions.

The company markets consumer services under brands including Personal, which provides mobile and broadband services, and Flow, its entertainment and pay-TV platform.