Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $6.74, but opened at $7.25. Telecom Argentina Stet - France Telecom shares last traded at $7.13, with a volume of 81,604 shares.
Wall Street Analyst Weigh In
Separately, Scotiabank upgraded Telecom Argentina Stet - France Telecom from a "sector underperform" rating to a "sector perform" rating and boosted their price target for the stock from $4.50 to $8.20 in a research report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.23.
Read Our Latest Analysis on Telecom Argentina Stet - France Telecom
Telecom Argentina Stet - France Telecom Stock Performance
The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of -247.55 and a beta of 1.34. The stock has a fifty day simple moving average of $8.82 and a two-hundred day simple moving average of $9.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.43.
Institutional Investors Weigh In On Telecom Argentina Stet - France Telecom
Several hedge funds have recently bought and sold shares of TEO. Bank of America Corp DE lifted its stake in shares of Telecom Argentina Stet - France Telecom by 87.0% in the fourth quarter. Bank of America Corp DE now owns 20,684 shares of the utilities provider's stock worth $260,000 after buying an additional 9,621 shares in the last quarter. GAMMA Investing LLC increased its holdings in Telecom Argentina Stet - France Telecom by 900.3% during the first quarter. GAMMA Investing LLC now owns 39,181 shares of the utilities provider's stock valued at $3,845,000 after buying an additional 35,264 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Telecom Argentina Stet - France Telecom during the first quarter valued at approximately $271,000. Invesco Ltd. increased its stake in shares of Telecom Argentina Stet - France Telecom by 19.8% in the first quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider's stock worth $571,000 after purchasing an additional 9,243 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Telecom Argentina Stet - France Telecom in the first quarter worth $119,000.
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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