Telecom Argentina Stet – France Telecom (NYSE:TEO) Upgraded to “Buy” at Wall Street Zen

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

A number of other equities analysts have also commented on TEO. JPMorgan Chase & Co. raised their price objective on shares of Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Weiss Ratings lowered shares of Telecom Argentina Stet – France Telecom from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Zacks Research cut shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group cut their price target on shares of Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, Morgan Stanley upgraded shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $13.00 to $17.00 in a research report on Wednesday, June 24th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.93.

Telecom Argentina Stet – France Telecom Stock Down 1.9%

Shares of NYSE TEO opened at $13.28 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.72 billion, a P/E ratio of 10.80 and a beta of 1.33. Telecom Argentina Stet – France Telecom has a 52 week low of $6.43 and a 52 week high of $16.34. The business has a 50-day simple moving average of $13.43 and a two-hundred day simple moving average of $12.68.

Insider Activity at Telecom Argentina Stet – France Telecom

In related news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $2.78, for a total transaction of $524,030.00. The transaction 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

Several institutional investors have recently added to or reduced their stakes in TEO. EFG International AG purchased a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth about $58,000. Van ECK Associates Corp purchased a new stake in Telecom Argentina Stet – France Telecom during the 3rd quarter valued at about $43,000. XP Advisory US Inc. bought a new position in Telecom Argentina Stet – France Telecom during the 2nd quarter worth approximately $82,000. Engineers Gate Manager LP purchased a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter worth approximately $110,000. Finally, Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter worth approximately $98,000.

Telecom Argentina Stet – France Telecom Company Profile

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.