Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

Telecom Argentina Stet – France Telecom (NYSE:TEO – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Other research analysts have also issued reports about the company. UBS Group cut 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 research report on Wednesday, August 12th. Morgan Stanley upgraded Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, June 24th. Scotiabank raised their price objective on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a report on Wednesday, May 27th. Zacks Research lowered Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.93.

Read Our Latest Analysis on Telecom Argentina Stet – France Telecom

Telecom Argentina Stet – France Telecom Stock Performance

NYSE:TEO opened at $13.28 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.72 billion, a P/E ratio of 10.80 and a beta of 1.33. Telecom Argentina Stet – France Telecom has a fifty-two week low of $6.43 and a fifty-two week high of $16.34. The firm’s 50 day moving average is $13.43 and its two-hundred day moving average is $12.69.

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 stock was sold at an average price of $2.78, for a total value of $524,030.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Institutional investors have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd increased its holdings 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 purchasing an additional 1,628 shares during the last quarter. Bank of America Corp DE grew its position in shares of Telecom Argentina Stet – France Telecom by 21.3% during the second quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock worth $237,000 after buying an additional 4,714 shares in the last quarter. EFG International AG bought a new stake in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth $58,000. Van ECK Associates Corp bought a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter worth $43,000. Finally, XP Advisory US Inc. acquired a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at $82,000.

Telecom Argentina Stet – France Telecom Company Profile

(Get Free Report)

Telecom Argentina SA, formerly known as Telecom Argentina STET-France Telecom, is a telecommunications company serving consumers, businesses and public-sector organizations primarily in Argentina. The company provides mobile and fixed-line voice services, broadband internet access, data connectivity and other communications solutions.

Its consumer brands include Personal for mobile and broadband services and Flow for pay television, video streaming and related entertainment offerings. Telecom Argentina also provides information and communications technology services to corporate and institutional customers, including connectivity, data transmission, cloud, cybersecurity and other digital solutions.

The company was established following Argentina’s telecommunications privatization in the early 1990s, with STET and France Télécom initially participating in its ownership.

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