Telecom Argentina Stet – France Telecom S.A. (TEO) – What Are Brokerages Saying About This Stock?

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.93.

A number of analysts have recently issued reports on TEO shares. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. Santander started coverage on Telecom Argentina Stet – France Telecom in a report on Friday, October 16th. They set an “outperform” rating on the stock. Wall Street Zen downgraded Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a report on Sunday, September 20th. JPMorgan Chase & Co. upped their price target on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Finally, UBS Group dropped their target price on Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a report on Wednesday, August 12th.

Insider Activity at Telecom Argentina Stet – France Telecom

In other Telecom Argentina Stet – France Telecom news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $2.78, for a total value of $524,030.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Hedge funds and other institutional investors have recently made changes to their positions in the company. Artemis Investment Management LLP acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter valued at about $11,422,000. SPX Gestao de Recursos Ltda bought a new stake in Telecom Argentina Stet – France Telecom in the first quarter worth approximately $8,565,000. ABS Direct Equity Fund LLC bought a new stake in Telecom Argentina Stet – France Telecom in the second quarter worth approximately $3,033,000. Absolute Gestao de Investimentos Ltda. increased its stake in shares of Telecom Argentina Stet – France Telecom by 156.7% during the 2nd 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. Finally, Verde Servicos Internacionais S.A. bought a new position in shares of Telecom Argentina Stet – France Telecom during the 1st quarter valued at $701,000.

Telecom Argentina Stet – France Telecom Stock Down 2.9%

Shares of NYSE TEO opened at $11.59 on Wednesday. Telecom Argentina Stet – France Telecom has a 12 month low of $10.45 and a 12 month high of $16.34. The business has a fifty day simple moving average of $12.95 and a 200-day simple moving average of $12.59.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina SA is a telecommunications and digital-services company serving residential, business and government customers primarily in Argentina. Its offerings include mobile voice and data services, fixed-line telephony, broadband internet, data transmission and other connectivity solutions.

The company also provides pay television and digital entertainment through its Flow platform, along with information and communications technology services for businesses, including cloud, cybersecurity, data-center and managed connectivity solutions.