Analysts Set Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Target Price at $11.93

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have been given an average rating of “Reduce” by the six brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $11.9250.

A number of equities research analysts have weighed in on the company. Zacks Research lowered Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. Finally, UBS Group set a $17.00 price target on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research report on Monday, November 3rd.

Telecom Argentina Stet – France Telecom Stock Performance

NYSE:TEO opened at $11.45 on Friday. The firm has a 50-day moving average of $11.80 and a two-hundred day moving average of $10.32. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.52 and a quick ratio of 0.50. The stock has a market cap of $4.93 billion, a P/E ratio of -32.72 and a beta of 1.22. Telecom Argentina Stet – France Telecom has a 1-year low of $6.43 and a 1-year high of $13.81.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. RWC Asset Management LLP grew its stake in Telecom Argentina Stet – France Telecom by 0.4% during the 3rd quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock worth $4,870,000 after buying an additional 2,383 shares during the last quarter. Bank of America Corp DE lifted its stake in Telecom Argentina Stet – France Telecom by 21.3% in the second quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock valued at $237,000 after buying an additional 4,714 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Telecom Argentina Stet – France Telecom during the third quarter valued at $43,000. Engineers Gate Manager LP bought a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter worth about $110,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter worth about $98,000.

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.