Telecom Argentina Stet - France Telecom (NYSE:TEO - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Thursday,Zacks.com reports.
TEO has been the subject of a number of other reports. Scotiabank raised Telecom Argentina Stet - France Telecom from a "sector underperform" rating to a "sector perform" rating and raised their price target for the stock from $4.50 to $8.20 in a report on Monday, September 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Telecom Argentina Stet - France Telecom in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $10.23.
View Our Latest Analysis on Telecom Argentina Stet - France Telecom
Telecom Argentina Stet - France Telecom Stock Performance
NYSE:TEO opened at $7.45 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.43 and a quick ratio of 0.39. The business has a fifty day simple moving average of $8.30 and a two-hundred day simple moving average of $9.26. Telecom Argentina Stet - France Telecom has a 1 year low of $6.43 and a 1 year high of $15.53. The company has a market capitalization of $3.21 billion, a P/E ratio of -248.25 and a beta of 1.30.
Institutional Investors Weigh In On Telecom Argentina Stet - France Telecom
Several large investors have recently added to or reduced their stakes in TEO. Bank of America Corp DE boosted its stake in Telecom Argentina Stet - France Telecom by 87.0% during the fourth quarter. Bank of America Corp DE now owns 20,684 shares of the utilities provider's stock valued at $260,000 after buying an additional 9,621 shares during the period. Cetera Investment Advisers bought a new stake in Telecom Argentina Stet - France Telecom during the first quarter valued at $271,000. Invesco Ltd. boosted its stake in Telecom Argentina Stet - France Telecom by 19.8% during the first quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider's stock valued at $571,000 after buying an additional 9,243 shares during the period. Hsbc Holdings PLC bought a new stake in Telecom Argentina Stet - France Telecom during the first quarter valued at $119,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Telecom Argentina Stet - France Telecom during the first quarter valued at $329,000.
Telecom Argentina Stet - France Telecom Company Profile
(
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Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.
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