UBS Group Cuts Telecom Argentina Stet – France Telecom (NYSE:TEO) Price Target to $16.50

Telecom Argentina Stet – France Telecom (NYSE:TEO) had its target price lowered by UBS Group from $18.00 to $16.50 in a research note published on Wednesday morning, Marketbeat Ratings reports. UBS Group currently has a buy rating on the utilities provider’s stock.

Other equities analysts have also issued research reports about the company. Morgan Stanley raised Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and increased 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 research report on Monday, June 29th. JPMorgan Chase & Co. lifted their price objective on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. 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. Finally, Wall Street Zen downgraded shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.43.

Telecom Argentina Stet – France Telecom Trading Down 0.1%

Shares of TEO opened at $13.34 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.50. 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 capitalization of $5.75 billion, a PE ratio of 10.85 and a beta of 1.36. The stock’s fifty day simple moving average is $13.62 and its 200-day simple moving average is $12.54.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In related news, Director Alejandro Alberto Urricelqui acquired 38,890 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average cost of $13.43 per share, with a total value of $522,292.70. Following the completion of the transaction, the director directly owned 399,348 shares of the company’s stock, valued at $5,363,243.64. This trade represents a 10.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. EFG International AG bought a new stake in Telecom Argentina Stet – France Telecom in the 4th quarter valued at $58,000. Van ECK Associates Corp bought a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at about $43,000. Engineers Gate Manager LP acquired a new position in shares of Telecom Argentina Stet – France Telecom in the second quarter valued at about $110,000. Qube Research & Technologies Ltd acquired a new position in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at about $98,000. Finally, Hsbc Holdings PLC bought a new position in Telecom Argentina Stet – France Telecom during the fourth quarter worth about $171,000.

About Telecom Argentina Stet – France Telecom

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.