Brokerages Set Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Price Target at $15.07

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $15.55.

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Morgan Stanley raised shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $13.00 to $17.00 in a report on Wednesday. Wall Street Zen raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. 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. Finally, Scotiabank raised their target price on shares of 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.

Telecom Argentina Stet – France Telecom Price Performance

TEO stock opened at $12.75 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. Telecom Argentina Stet – France Telecom has a 12 month low of $6.43 and a 12 month high of $16.34. The firm has a market cap of $5.49 billion, a P/E ratio of 25.00 and a beta of 1.32. The company’s 50-day moving average price is $12.78 and its two-hundred day moving average price is $12.05.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 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 firm had revenue of $1.35 billion for the quarter. On average, analysts anticipate that Telecom Argentina Stet – France Telecom will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In related news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average cost of $13.43 per share, for a total transaction of $522,292.70. Following the purchase, the director owned 399,348 shares in the company, valued at approximately $5,363,243.64. This trade represents a 10.79% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Several hedge funds have recently added to or reduced their stakes in TEO. SPX Gestao de Recursos Ltda acquired a new stake in Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $8,565,000. Sagil Capital LLP acquired a new stake in Telecom Argentina Stet – France Telecom in the fourth quarter valued at $7,629,000. Banco BTG Pactual S.A. acquired a new stake in Telecom Argentina Stet – France Telecom in the third quarter valued at $2,725,000. RWC Asset Management LLP increased its holdings in Telecom Argentina Stet – France Telecom by 50.7% in the fourth quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock valued at $11,717,000 after purchasing an additional 339,416 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Telecom Argentina Stet – France Telecom in the fourth quarter valued at $1,969,000.

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.