Telecom Argentina Stet – France Telecom (NYSE:TEO) Reaches New 1-Year High – Here’s What Happened

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.28 and last traded at $15.5350, with a volume of 141277 shares changing hands. The stock had previously closed at $14.23.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TEO. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. lifted their price target on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Scotiabank lifted their price target on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Telecom Argentina Stet – France Telecom has a consensus rating of “Moderate Buy” and a consensus target price of $15.07.

Telecom Argentina Stet – France Telecom Price Performance

The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 31.07 and a beta of 1.32. The stock has a 50-day moving average price of $12.25 and a two-hundred day moving average price of $11.91.

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. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%.The firm had revenue of $1.35 billion during the quarter. As a group, equities research analysts forecast that Telecom Argentina Stet – France Telecom S.A. will post 1.41 EPS for the current year.

Insider Buying and Selling

In other news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of the stock in a transaction on Tuesday, June 2nd. The stock was bought 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. The trade was a 10.79% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Absolute Gestao de Investimentos Ltda. acquired a new stake in Telecom Argentina Stet – France Telecom during the 1st quarter worth about $1,015,000. SPX Gestao de Recursos Ltda acquired a new position in Telecom Argentina Stet – France Telecom in the 1st quarter worth about $8,565,000. Y Intercept Hong Kong Ltd increased its stake in Telecom Argentina Stet – France Telecom by 8.3% during the 1st 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 in the last quarter. Pictet Asset Management Holding SA purchased a new stake in Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $561,000. Finally, Verde Servicos Internacionais S.A. purchased a new position in Telecom Argentina Stet – France Telecom during the first quarter worth approximately $701,000.

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.