Telecom Argentina Stet – France Telecom (NYSE:TEO) Sees Strong Trading Volume – Still a Buy?

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) saw an uptick in trading volume on Monday . 516,847 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 384,919 shares.The stock last traded at $13.2050 and had previously closed at $13.75.

Analysts Set New Price Targets

TEO has been the subject of a number of recent research reports. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. increased 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. Wall Street Zen raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Scotiabank lifted their target price on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.07.

Telecom Argentina Stet – France Telecom Price Performance

The stock has a market capitalization of $5.75 billion, a P/E ratio of 26.20 and a beta of 1.32. The company’s 50 day simple moving average is $12.69 and its two-hundred day simple moving average is $12.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.56.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%.The business had revenue of $1.35 billion for the quarter. As a group, equities analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.65 EPS for the current fiscal year.

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 firm’s stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the completion of the acquisition, the director owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. This trade represents a 10.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. SPX Gestao de Recursos Ltda acquired a new position in Telecom Argentina Stet – France Telecom during the 1st quarter worth about $8,565,000. Sagil Capital LLP bought a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth about $7,629,000. Banco BTG Pactual S.A. bought a new position in shares of Telecom Argentina Stet – France Telecom in the third quarter worth about $2,725,000. RWC Asset Management LLP lifted its position in shares of 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 purchasing an additional 339,416 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $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.