Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Up 8.5% on Analyst Upgrade

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) shares rose 8.5% during trading on Wednesday after Scotiabank raised their price target on the stock from $8.60 to $9.20. Scotiabank currently has a sector underperform rating on the stock. Telecom Argentina Stet – France Telecom traded as high as $13.76 and last traded at $13.8170. Approximately 438,070 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 301,467 shares. The stock had previously closed at $12.74.

Several other research analysts have also recently weighed in on TEO. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. JPMorgan Chase & Co. raised shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $12.00 to $16.00 in a research note on Wednesday, April 29th. Finally, Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Telecom Argentina Stet – France Telecom presently has a consensus rating of “Hold” and a consensus price target of $14.07.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several institutional investors have recently bought and sold shares of TEO. SPX Gestao de Recursos Ltda purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $8,565,000. Sagil Capital LLP acquired a new position in shares of Telecom Argentina Stet – France Telecom during the 4th quarter worth approximately $7,629,000. Banco BTG Pactual S.A. purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter valued at approximately $2,725,000. RWC Asset Management LLP grew its stake in Telecom Argentina Stet – France Telecom by 50.7% in the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock valued at $11,717,000 after acquiring an additional 339,416 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Telecom Argentina Stet – France Telecom in the 4th quarter valued at $1,969,000.

Telecom Argentina Stet – France Telecom Stock 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 firm’s fifty day moving average is $11.73 and its 200 day moving average is $11.82. The company has a market cap of $5.88 billion, a PE ratio of 26.79 and a beta of 1.26.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. The business had revenue of $1.35 billion for the quarter. As a group, research analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 0.85 EPS for the current fiscal year.

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.