Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.12 and traded as high as $13.16. Telecom Argentina Stet – France Telecom shares last traded at $13.0690, with a volume of 218,416 shares traded.

Analysts Set New Price Targets

TEO has been the subject of a number of research analyst reports. Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. increased their price target on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Morgan Stanley raised 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. Scotiabank boosted their price objective 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. Finally, Zacks Research lowered Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Telecom Argentina Stet – France Telecom has an average rating of “Hold” and a consensus price target of $15.55.

Telecom Argentina Stet – France Telecom Price Performance

The stock has a market capitalization of $5.83 billion, a P/E ratio of 26.53 and a beta of 1.35. The business has a fifty day simple moving average of $13.03 and a 200 day simple moving average of $12.13. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51.

Insider Transactions at Telecom Argentina Stet – France Telecom

In related news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average cost of $13.43 per share, with a total value of $522,292.70. Following the transaction, the director owned 399,348 shares of the company’s stock, valued at $5,363,243.64. This represents a 10.79% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

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

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.