Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Telecom Argentina, with three buys, two holds and one sell among six covering firms. The average 12-month price target is $15.93.
• Recent analyst actions were mixed: UBS cut its target to $16.50 while retaining a buy rating, Morgan Stanley upgraded the stock to overweight and raised its target to $17, and several firms downgraded their views to hold.
• TEO opened at $12.98, with a market capitalization of about $5.59 billion and a 52-week range of $6.93 to $16.34. Director Baruki Luis Alberto Gonzalez also sold 188,500 shares for approximately $524,000.

Shares of Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) have been given an average rating of "Hold" by the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.93.

TEO has been the topic of several research reports. UBS Group cut 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 report on Wednesday, August 12th. Weiss Ratings upgraded Telecom Argentina Stet - France Telecom from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, September 16th. Wall Street Zen downgraded Telecom Argentina Stet - France Telecom from a "buy" rating to a "hold" rating in a research note on Sunday, September 20th. Zacks Research lowered Telecom Argentina Stet - France Telecom from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Finally, Morgan Stanley raised Telecom Argentina Stet - France Telecom from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $13.00 to $17.00 in a research report on Wednesday, June 24th.

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 the business's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $2.78, for a total value of $524,030.00. The transaction 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 Trading of Telecom Argentina Stet - France Telecom

A number of hedge funds and other institutional investors have recently made changes to their positions in TEO. Y Intercept Hong Kong Ltd lifted its position in shares of Telecom Argentina Stet - France Telecom by 8.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider's stock worth $249,000 after purchasing an additional 1,628 shares in the last quarter. XP Advisory US Inc. bought a new position in Telecom Argentina Stet - France Telecom in the second quarter valued at $82,000. Engineers Gate Manager LP increased its stake in Telecom Argentina Stet - France Telecom by 105.6% in the 2nd quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider's stock valued at $1,130,000 after buying an additional 44,647 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in Telecom Argentina Stet - France Telecom in the 1st quarter valued at $561,000. Finally, Verde Servicos Internacionais S.A. bought a new stake in Telecom Argentina Stet - France Telecom during the 1st quarter worth about $701,000.

Telecom Argentina Stet - France Telecom Stock Down 3.0%

Telecom Argentina Stet - France Telecom stock opened at $12.98 on Friday. The stock has a market capitalization of $5.59 billion, a PE ratio of 10.55 and a beta of 1.33. Telecom Argentina Stet - France Telecom has a twelve month low of $6.93 and a twelve month high of $16.34. 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 50 day moving average of $13.52 and a 200-day moving average of $12.85.

About Telecom Argentina Stet - France Telecom

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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