Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Given Average Rating of “Hold” by Brokerages

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $15.55.

Several equities analysts have commented on TEO shares. JPMorgan Chase & Co. upped 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 report on Tuesday, June 9th. 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. Morgan Stanley raised shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $13.00 to $17.00 in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, 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.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of NYSE TEO opened at $13.12 on Monday. 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 company has a market capitalization of $5.65 billion, a P/E ratio of 25.72 and a beta of 1.35. Telecom Argentina Stet – France Telecom has a 12 month low of $6.43 and a 12 month high of $16.34. The stock has a 50 day moving average of $13.21 and a 200-day moving average of $12.22.

Insider Activity

In other news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $13.43 per share, with a total value of $522,292.70. Following the completion of the transaction, the director 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several hedge funds have recently added to or reduced their stakes in TEO. SPX Gestao de Recursos Ltda bought a new stake in shares of Telecom Argentina Stet – France Telecom in the first quarter valued at about $8,565,000. Sagil Capital LLP acquired a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter valued at about $7,629,000. Banco BTG Pactual S.A. bought a new position in Telecom Argentina Stet – France Telecom during the third quarter worth about $2,725,000. RWC Asset Management LLP increased its position in Telecom Argentina Stet – France Telecom by 50.7% during the fourth quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $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 worth about $1,969,000.

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.