Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO) Stock Has Average Target Price of $15.93 According to Analysts

Key Points

• Analyst sentiment is mixed: Seven analysts give Telecom Argentina a consensus “Hold” rating—four buys, two holds and one sell—with an average one-year price target of $15.93.
• Shares traded at $10.58, below their 50-day and 200-day averages of $12.24 and $12.51, respectively; the stock’s 52-week range is $9.75–$16.34.
• Institutional investors reported several new or increased positions, while director Baruki Luis Alberto Gonzalez sold 188,500 shares at an average price of $2.78.

Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) has been assigned a consensus rating of "Hold" from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $15.93.

A number of research analysts have issued reports on the company. Wall Street Zen cut Telecom Argentina Stet - France Telecom from a "buy" rating to a "hold" rating in a report on Sunday, September 20th. Santander assumed coverage on shares of Telecom Argentina Stet - France Telecom in a report on Friday, October 16th. They issued an "outperform" rating on the stock. Weiss Ratings upgraded shares of Telecom Argentina Stet - France Telecom from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday. UBS Group dropped their target price on shares of Telecom Argentina Stet - France Telecom from $18.00 to $16.50 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Telecom Argentina Stet - France Telecom from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, September 4th.

Insider Buying and Selling at Telecom Argentina Stet - France Telecom

In other news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the firm's stock in a transaction that occurred 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Telecom Argentina Stet - France Telecom

A number of large investors have recently bought and sold shares of TEO. Artemis Investment Management LLP acquired a new position in Telecom Argentina Stet - France Telecom in the third quarter worth $11,422,000. ABS Direct Equity Fund LLC bought a new stake in shares of Telecom Argentina Stet - France Telecom during the second quarter worth $3,033,000. Absolute Gestao de Investimentos Ltda. grew its holdings in shares of Telecom Argentina Stet - France Telecom by 156.7% during the second quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider's stock worth $2,898,000 after purchasing an additional 136,091 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Telecom Argentina Stet - France Telecom in the first quarter valued at $8,565,000. Finally, Engineers Gate Manager LP increased its stake in shares of Telecom Argentina Stet - France Telecom by 105.6% in the second 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 in the last quarter.

Telecom Argentina Stet - France Telecom Price Performance

Shares of Telecom Argentina Stet - France Telecom stock traded up $0.05 during midday trading on Friday, hitting $10.58. 311,781 shares of the company were exchanged, compared to its average volume of 390,248. The firm has a 50 day simple moving average of $12.24 and a 200-day simple moving average of $12.51. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.58 and a quick ratio of 0.55. The firm has a market cap of $4.56 billion, a P/E ratio of 8.60 and a beta of 1.41. Telecom Argentina Stet - France Telecom has a 52 week low of $9.75 and a 52 week high of $16.34.

Telecom Argentina Stet - France Telecom Company Profile

Telecom Argentina S.A. is a telecommunications and digital services provider based in Argentina. Its offerings include mobile and fixed-line phone service, broadband internet, pay television and digital entertainment, serving residential and business customers. The company markets mobile and internet services under the Personal brand and offers television and streaming services through Flow. It also provides connectivity and technology solutions to business and wholesale customers. Telecom Argentina was established in 1990 as part of the privatization of Argentina's state-owned telephone system.

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