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

Key Points

• Analysts have a consensus “Hold” rating on Telecom Argentina, with four buys, two holds, and one sell among seven analysts. The average 12-month price target is $15.93.
• Recent analyst actions were mixed but generally constructive: Morgan Stanley upgraded the stock to “overweight” and raised its target to $17, while UBS trimmed its target to $16.50 but maintained a “buy” rating.
• The stock opened at $12.45, with a market capitalization of approximately $5.36 billion and a 52-week trading range of $7.07 to $16.34. Institutional investors also reported several new or increased positions.

Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) has been assigned an average recommendation of "Hold" from the seven analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.93.

A number of research firms have commented on TEO. Santander initiated coverage on Telecom Argentina Stet - France Telecom in a research note on Friday. They issued an "outperform" rating for the company. Morgan Stanley upgraded Telecom Argentina Stet - France Telecom from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, June 24th. Weiss Ratings upgraded shares of Telecom Argentina Stet - France Telecom from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday. Zacks Research downgraded shares of Telecom Argentina Stet - France Telecom from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Finally, UBS Group decreased their price objective 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.

Insiders Place Their Bets

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 shares were sold at an average price of $2.78, for a total transaction of $524,030.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Artemis Investment Management LLP purchased a new position in Telecom Argentina Stet - France Telecom in the 3rd quarter worth $11,422,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Telecom Argentina Stet - France Telecom during the 1st quarter valued at about $8,565,000. ABS Direct Equity Fund LLC purchased a new position in shares of Telecom Argentina Stet - France Telecom during the 2nd quarter valued at about $3,033,000. Absolute Gestao de Investimentos Ltda. raised its stake in shares of Telecom Argentina Stet - France Telecom by 156.7% during the 2nd quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider's stock valued at $2,898,000 after buying an additional 136,091 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in shares of 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 period.

Telecom Argentina Stet - France Telecom Stock Up 2.1%

Telecom Argentina Stet - France Telecom stock opened at $12.45 on Wednesday. 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 stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 10.12 and a beta of 1.35. Telecom Argentina Stet - France Telecom has a 1-year low of $7.07 and a 1-year high of $16.34. The business has a fifty day moving average price of $13.04 and a 200-day moving average price of $12.96.

About Telecom Argentina Stet - France Telecom

Telecom Argentina SA is a telecommunications and digital-services company serving residential, business and government customers primarily in Argentina. Its offerings include mobile voice and data services, fixed-line telephony, broadband internet, data transmission and other connectivity solutions.

The company also provides pay television and digital entertainment through its Flow platform, along with information and communications technology services for businesses, including cloud, cybersecurity, data-center and managed connectivity solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.