Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Rating Lowered by Wall Street Zen

Telecom Argentina Stet – France Telecom (NYSE:TEO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday, Wall Street Zen reports.

A number of other research analysts also recently issued reports on the company. UBS Group dropped their price objective on Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Zacks Research cut Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. lifted their target price on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Finally, Morgan Stanley upgraded Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $13.00 to $17.00 in a report on Wednesday, June 24th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.93.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of TEO opened at $14.03 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $6.04 billion, a P/E ratio of 11.41 and a beta of 1.33. The firm’s fifty day simple moving average is $13.51 and its two-hundred day simple moving average is $12.80. Telecom Argentina Stet – France Telecom has a 12 month low of $6.93 and a 12 month high of $16.34.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In other news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $2.78, for a total transaction of $524,030.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Telecom Argentina Stet – France Telecom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ABS Direct Equity Fund LLC acquired a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at approximately $3,033,000. Engineers Gate Manager LP increased its holdings in shares of Telecom Argentina Stet – France Telecom by 105.6% during the second quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider’s stock valued at $1,130,000 after acquiring an additional 44,647 shares in the last quarter. Absolute Gestao de Investimentos Ltda. raised its position in shares of Telecom Argentina Stet – France Telecom by 156.7% during the second quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider’s stock worth $2,898,000 after purchasing an additional 136,091 shares during the period. XP Advisory US Inc. acquired a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter worth approximately $82,000. Finally, SPX Gestao de Recursos Ltda bought a new position in shares of Telecom Argentina Stet – France Telecom in the 1st quarter worth $8,565,000.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA, formerly known as Telecom Argentina STET-France Telecom, is a telecommunications company serving consumers, businesses and public-sector organizations primarily in Argentina. The company provides mobile and fixed-line voice services, broadband internet access, data connectivity and other communications solutions.

Its consumer brands include Personal for mobile and broadband services and Flow for pay television, video streaming and related entertainment offerings. Telecom Argentina also provides information and communications technology services to corporate and institutional customers, including connectivity, data transmission, cloud, cybersecurity and other digital solutions.

The company was established following Argentina’s telecommunications privatization in the early 1990s, with STET and France Télécom initially participating in its ownership.