Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.53 and traded as high as $13.57. Telecom Argentina Stet - France Telecom shares last traded at $13.5320, with a volume of 184,198 shares changing hands.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on TEO. Zacks Research lowered Telecom Argentina Stet - France Telecom from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Morgan Stanley raised shares of 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 report on Wednesday, June 24th. 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 for the company in a research report on Wednesday, August 12th. Scotiabank upped their price objective on shares of Telecom Argentina Stet - France Telecom from $8.60 to $9.20 and gave the stock a "sector underperform" rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of Telecom Argentina Stet - France Telecom from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Three equities research 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. Based on data from MarketBeat.com, Telecom Argentina Stet - France Telecom presently has an average rating of "Hold" and an average target price of $15.43.
Check Out Our Latest Stock Analysis on TEO
Telecom Argentina Stet - France Telecom Stock Up 3.0%
The business has a fifty day simple moving average of $13.45 and a 200 day simple moving average of $12.53. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 11.00 and a beta of 1.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.58 and a quick ratio of 0.55.
Insider Activity at Telecom Argentina Stet - France Telecom
In other Telecom Argentina Stet - France Telecom news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of $13.43 per share, with a total value of $522,292.70. Following the completion of the purchase, the director owned 399,348 shares in the company, valued at approximately $5,363,243.64. This represents a 10.79% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.
Institutional Trading of Telecom Argentina Stet - France Telecom
Several large investors have recently bought and sold shares of TEO. Y Intercept Hong Kong Ltd lifted its stake in Telecom Argentina Stet - France Telecom by 8.3% in the 1st 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. Bank of America Corp DE boosted its holdings in shares of Telecom Argentina Stet - France Telecom by 21.3% during the 2nd quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider's stock worth $237,000 after purchasing an additional 4,714 shares during the last quarter. EFG International AG acquired a new position in shares of Telecom Argentina Stet - France Telecom during the 4th quarter worth approximately $58,000. Van ECK Associates Corp purchased a new stake in shares of Telecom Argentina Stet - France Telecom in the third quarter valued at approximately $43,000. Finally, XP Advisory US Inc. purchased a new stake in shares of Telecom Argentina Stet - France Telecom in the second quarter valued at approximately $82,000.
About Telecom Argentina Stet - France Telecom
(
Get Free Report)
Telecom Argentina Stet – France Telecom NYSE: TEO is an integrated telecommunications provider based in Buenos Aires, Argentina. Originally formed through the 1990 privatization of the state-owned Empresa Nacional de Telecomunicaciones (ENTel), the company was initially backed by Italian state carrier STET and French operator France Télécom. Since its listing on the New York Stock Exchange under the ticker TEO, Telecom Argentina has evolved into one of the country's principal communications groups, offering a comprehensive portfolio of voice and data services.
The company's core business activities span fixed-line telephony, mobile services, broadband internet and digital television.
Further Reading
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