Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Receives $13.87 Average Target Price from Brokerages

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has been assigned a consensus rating of “Hold” from the five research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $14.0667.

TEO has been the topic of several analyst reports. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. upgraded Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and upped their price target for the company from $12.00 to $16.00 in a research report on Wednesday, April 29th. Finally, Scotiabank upped their price target on 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.

Telecom Argentina Stet – France Telecom Trading Up 5.7%

Shares of Telecom Argentina Stet – France Telecom stock opened at $14.60 on Friday. Telecom Argentina Stet – France Telecom has a 52-week low of $6.43 and a 52-week high of $15.25. The stock’s 50-day simple moving average is $11.90 and its 200 day simple moving average is $11.86. The stock has a market capitalization of $6.29 billion, a P/E ratio of 28.63 and a beta of 1.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%.The firm had revenue of $1.35 billion for the quarter. As a group, research analysts anticipate that Telecom Argentina Stet – France Telecom will post 1.41 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. RWC Asset Management LLP increased its position in shares of Telecom Argentina Stet – France Telecom by 50.7% in 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 during the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Telecom Argentina Stet – France Telecom in the first quarter worth approximately $8,565,000. Sagil Capital LLP bought a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth approximately $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 approximately $2,725,000. Finally, UBS Group AG boosted its stake 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 worth $3,409,000 after buying an additional 60,033 shares in 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.