Telecom Argentina Stet - France Telecom (NYSE:TEO) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Telecom Argentina (NYSE:TEO) from “hold” to “buy.” However, the broader analyst consensus remains “Hold,” with three Buy, two Hold, and one Sell rating and an average price target of $15.93.
• TEO shares opened at $13.28, down 1.9%, with a one-year trading range of $6.43 to $16.34. The company has a $5.72 billion market capitalization and trades at a P/E ratio of 10.80.
• Institutional investors increased their exposure, including RWC Asset Management, which raised its stake by 50.7%, while several other funds established new positions. Insider ownership remains low at 1.00%, following a director’s sale of 188,500 shares.

Telecom Argentina Stet - France Telecom (NYSE:TEO - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently commented on the company. JPMorgan Chase & Co. increased their target price on Telecom Argentina Stet - France Telecom from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, September 4th. Morgan Stanley upgraded shares of Telecom Argentina Stet - France Telecom from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, June 24th. Weiss Ratings cut shares of Telecom Argentina Stet - France Telecom from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 31st. UBS Group reduced their price objective on shares of 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. Finally, Zacks Research downgraded shares of Telecom Argentina Stet - France Telecom from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Telecom Argentina Stet - France Telecom presently has an average rating of "Hold" and a consensus price target of $15.93.

Telecom Argentina Stet - France Telecom Trading Down 1.9%

Shares of TEO opened at $13.28 on Friday. Telecom Argentina Stet - France Telecom has a one year low of $6.43 and a one year high of $16.34. The stock has a 50-day moving average price of $13.43 and a 200 day moving average price of $12.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.58. The company has a market capitalization of $5.72 billion, a P/E ratio of 10.80 and a beta of 1.33.

Insider Transactions at Telecom Argentina Stet - France Telecom

In other Telecom Argentina Stet - France Telecom news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of Telecom Argentina Stet - France Telecom stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $2.78, for a total value of $524,030.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Institutional Trading of Telecom Argentina Stet - France Telecom

Institutional investors and hedge funds have recently modified their holdings of the business. RWC Asset Management LLP lifted its position in shares of Telecom Argentina Stet - France Telecom by 50.7% in the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider's stock worth $11,717,000 after buying an additional 339,416 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Telecom Argentina Stet - France Telecom during the 1st quarter valued at about $8,565,000. Sagil Capital LLP acquired a new stake in Telecom Argentina Stet - France Telecom during the fourth quarter worth about $7,629,000. Banco BTG Pactual S.A. acquired a new stake in Telecom Argentina Stet - France Telecom during the third quarter worth about $2,725,000. Finally, UBS Group AG lifted its holdings 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 acquiring an additional 60,033 shares during the last quarter.

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.

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