Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Receives Consensus Rating of “Hold” from Analysts

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.93.

Several research analysts have weighed in on the company. Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. JPMorgan Chase & Co. increased their price objective on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, September 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 research note on Wednesday, June 24th. Zacks Research downgraded shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Wall Street Zen lowered shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of NYSE TEO opened at $12.98 on Friday. The stock has a 50 day moving average price of $13.52 and a 200 day moving average price of $12.85. Telecom Argentina Stet – France Telecom has a 52 week low of $6.93 and a 52 week high of $16.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.58. The stock has a market capitalization of $5.59 billion, a PE ratio of 10.55 and a beta of 1.33.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In other news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $2.78, for a total transaction of $524,030.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. XP Advisory US Inc. acquired a new position in Telecom Argentina Stet – France Telecom during the second quarter worth approximately $82,000. Y Intercept Hong Kong Ltd lifted its position in shares of Telecom Argentina Stet – France Telecom by 8.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock valued at $249,000 after buying an additional 1,628 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $561,000. Verde Servicos Internacionais S.A. bought a new position in shares of Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $701,000. Finally, Absolute Gestao de Investimentos Ltda. bought a new position in shares of Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $1,015,000.

About Telecom Argentina Stet – France Telecom

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.