Telecom Argentina Stet – France Telecom (NYSE:TEO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) from a buy rating to a strong-buy rating in a research note published on Saturday.

TEO has been the topic of a number of other reports. Scotiabank boosted their price target on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a research report on Wednesday, May 27th. Morgan Stanley upgraded shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $17.00 in a report on Wednesday, June 24th. Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. boosted their target price on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Finally, Zacks Research lowered Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.55.

Telecom Argentina Stet – France Telecom Trading Up 0.5%

Shares of TEO opened at $13.19 on Friday. Telecom Argentina Stet – France Telecom has a 52-week low of $6.43 and a 52-week high of $16.34. The stock has a market cap of $5.68 billion, a PE ratio of 25.85 and a beta of 1.35. The firm’s fifty day moving average is $13.24 and its two-hundred day moving average is $12.24. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51.

Insiders Place Their Bets

In other news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were bought at an average cost of $13.43 per share, for a total transaction of $522,292.70. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sagil Capital LLP purchased a new stake in Telecom Argentina Stet – France Telecom in the fourth quarter valued at $7,629,000. RWC Asset Management LLP grew its holdings in shares of Telecom Argentina Stet – France Telecom by 50.7% during 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. Verde Servicos Internacionais S.A. acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter worth about $701,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter worth about $8,565,000. Finally, Pictet Asset Management Holding SA purchased a new stake in Telecom Argentina Stet – France Telecom in the 1st quarter valued at about $561,000.

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.