Brokerages Set Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Target Price at $15.55

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.4250.

A number of equities research analysts have issued reports on TEO shares. Wall Street Zen downgraded Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Zacks Research cut Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. JPMorgan Chase & Co. boosted their target price on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Morgan Stanley upgraded Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $13.00 to $17.00 in a report on Wednesday, June 24th. Finally, Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th.

Telecom Argentina Stet – France Telecom Stock Performance

Telecom Argentina Stet – France Telecom stock opened at $13.40 on Friday. The company’s 50-day moving average price is $13.62 and its 200-day moving average price is $12.53. Telecom Argentina Stet – France Telecom has a twelve month low of $6.43 and a twelve month high of $16.34. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The company has a market cap of $5.77 billion, a PE ratio of 10.89 and a beta of 1.36.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In other news, Director Alejandro Alberto Urricelqui bought 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $13.43 per share, with a total value of $522,292.70. Following the completion of the purchase, the director owned 399,348 shares in the company, valued at $5,363,243.64. The trade was a 10.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TEO. Van ECK Associates Corp bought a new stake in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter worth approximately $43,000. EFG International AG bought a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $58,000. Qube Research & Technologies Ltd purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at approximately $98,000. Engineers Gate Manager LP purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the second quarter valued at approximately $110,000. Finally, Hsbc Holdings PLC bought a new position in Telecom Argentina Stet – France Telecom in the fourth quarter worth approximately $171,000.

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.