Telecom Argentina Stet – France Telecom (NYSE:TEO) Rating Lowered to “Buy” at Wall Street Zen

Telecom Argentina Stet – France Telecom (NYSE:TEO) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other research firms also recently issued reports on TEO. Weiss Ratings upgraded 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 increased their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, June 24th. Scotiabank lifted their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. Finally, Zacks Research downgraded Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Telecom Argentina Stet – France Telecom presently has a consensus rating of “Hold” and a consensus target price of $15.55.

Telecom Argentina Stet – France Telecom Stock Up 2.5%

TEO stock opened at $14.02 on Friday. Telecom Argentina Stet – France Telecom has a one year low of $6.43 and a one year high of $16.34. The company has a 50 day moving average price of $13.43 and a two-hundred day moving average price of $12.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58. The stock has a market capitalization of $6.04 billion, a P/E ratio of 27.48 and a beta of 1.35.

Insider Activity at Telecom Argentina Stet – France Telecom

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $13.43 per share, with a total value of $522,292.70. Following the purchase, the director owned 399,348 shares in the company, valued at approximately $5,363,243.64. The trade was a 10.79% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several large investors have recently added to or reduced their stakes in the stock. SPX Gestao de Recursos Ltda purchased a new position in Telecom Argentina Stet – France Telecom in the first quarter valued at about $8,565,000. Sagil Capital LLP purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth about $7,629,000. Banco BTG Pactual S.A. purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter worth about $2,725,000. RWC Asset Management LLP grew its stake in shares of 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 buying an additional 339,416 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the fourth quarter valued at about $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.