Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Given Average Rating of “Reduce” by Analysts

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has been given an average rating of “Reduce” by the five analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $11.5667.

Several research analysts recently issued reports on the company. Zacks Research raised Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, December 29th.

Telecom Argentina Stet – France Telecom Stock Up 0.7%

TEO stock opened at $11.07 on Tuesday. The company’s 50 day simple moving average is $11.70 and its 200-day simple moving average is $10.49. The firm has a market capitalization of $4.77 billion, a PE ratio of -31.61 and a beta of 1.26. Telecom Argentina Stet – France Telecom has a 12 month low of $6.43 and a 12 month high of $13.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.52 and a quick ratio of 0.50.

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEO. Acadian Asset Management LLC acquired a new position in Telecom Argentina Stet – France Telecom in the 1st quarter valued at about $379,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Telecom Argentina Stet – France Telecom by 321.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after purchasing an additional 79,893 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter worth about $346,000. Jump Financial LLC purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the second quarter worth about $596,000. Finally, Jane Street Group LLC purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the second quarter worth about $578,000.

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.