Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Rating Upgraded by Zacks Research

Telecom Argentina Stet – France Telecom (NYSE:TEO) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also commented on TEO. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. UBS Group set a $17.00 price target on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $11.57.

Telecom Argentina Stet – France Telecom Stock Performance

NYSE TEO opened at $11.18 on Monday. Telecom Argentina Stet – France Telecom has a 1-year low of $6.43 and a 1-year high of $13.81. The company has a 50 day moving average of $11.72 and a 200-day moving average of $10.40. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of -31.93 and a beta of 1.22.

Institutional Trading of Telecom Argentina Stet – France Telecom

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Monaco Asset Management SAM acquired a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter valued at about $872,000. RWC Asset Management LLP grew its position in shares of Telecom Argentina Stet – France Telecom by 0.4% during the 3rd quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock worth $4,870,000 after buying an additional 2,383 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Telecom Argentina Stet – France Telecom by 321.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after buying an additional 79,893 shares during the last quarter. Jump Financial LLC acquired a new position in Telecom Argentina Stet – France Telecom in the second quarter valued at approximately $596,000. Finally, Acadian Asset Management LLC acquired a new position in Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $379,000.

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.