Telecom Argentina Stet – France Telecom (NYSE:TEO) Upgraded at Zacks Research

Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. UBS Group set a $17.00 price objective on shares of Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $11.57.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of NYSE:TEO opened at $11.28 on Monday. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of -32.21 and a beta of 1.22. The firm’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $10.41. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.52 and a quick ratio of 0.50. Telecom Argentina Stet – France Telecom has a fifty-two week low of $6.43 and a fifty-two week high of $13.81.

Institutional Trading of Telecom Argentina Stet – France Telecom

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RWC Asset Management LLP lifted its position in shares of Telecom Argentina Stet – France Telecom by 50.7% in the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after purchasing an additional 339,416 shares during the period. Sagil Capital LLP bought a new position in Telecom Argentina Stet – France Telecom during the fourth quarter worth $7,629,000. Banco BTG Pactual S.A. bought a new position in Telecom Argentina Stet – France Telecom during the third quarter worth $2,725,000. UBS Group AG lifted its holdings in Telecom Argentina Stet – France Telecom by 25.7% in the fourth quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock valued at $3,409,000 after buying an additional 60,033 shares during the period. Finally, Two Sigma Investments LP boosted its position in Telecom Argentina Stet – France Telecom by 317.8% during the third quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock valued at $1,484,000 after acquiring an additional 155,299 shares during the last quarter.

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.