Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Of six brokerages covering Telecom Argentina, three recommend buying, two rate it a hold and one recommends selling. The average 12-month price target is $15.55.
• Recent analysts have generally become more positive, with JPMorgan raising its target to $19 and Morgan Stanley increasing its target to $17 while upgrading the stock to “overweight.”
• TEO opened at $13.81, up 0.4%, with a market capitalization of approximately $5.95 billion; its shares have traded between $6.43 and $16.34 over the past year. A company director also increased his holdings by 10.79% through a share purchase.

Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) has earned an average recommendation of "Hold" from the six brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.55.

Several equities analysts have weighed in on the stock. Weiss Ratings raised shares of Telecom Argentina Stet - France Telecom from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, June 4th. JPMorgan Chase & Co. raised their price objective on shares of Telecom Argentina Stet - France Telecom from $16.00 to $19.00 and gave the company an "overweight" rating in a research report on Tuesday, June 9th. Wall Street Zen cut shares of Telecom Argentina Stet - France Telecom from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 26th. 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, Morgan Stanley upgraded Telecom Argentina Stet - France Telecom from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, June 24th.

Telecom Argentina Stet - France Telecom Stock Up 0.4%

TEO stock opened at $13.81 on Friday. Telecom Argentina Stet - France Telecom has a twelve month low of $6.43 and a twelve month high of $16.34. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The stock has a market cap of $5.95 billion, a P/E ratio of 27.08 and a beta of 1.36. The business's 50-day moving average price is $13.64 and its 200-day moving average price is $12.46.

Insider Activity at Telecom Argentina Stet - France Telecom

In other Telecom Argentina Stet - France Telecom news, Director Alejandro Alberto Urricelqui acquired 38,890 shares of the company's stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average price of $13.43 per share, with a total value of $522,292.70. Following the completion of the purchase, the director directly owned 399,348 shares in the company, valued at approximately $5,363,243.64. The trade was a 10.79% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Trading of Telecom Argentina Stet - France Telecom

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEO. SPX Gestao de Recursos Ltda purchased a new position in shares of Telecom Argentina Stet - France Telecom in the first quarter worth $8,565,000. Sagil Capital LLP purchased a new position in Telecom Argentina Stet - France Telecom during the fourth quarter valued at $7,629,000. Banco BTG Pactual S.A. purchased a new position in Telecom Argentina Stet - France Telecom during the third quarter valued at $2,725,000. RWC Asset Management LLP increased its holdings in Telecom Argentina Stet - France Telecom by 50.7% in the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider's stock valued at $11,717,000 after acquiring an additional 339,416 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Telecom Argentina Stet - France Telecom in the 4th quarter valued at $1,969,000.

Telecom Argentina Stet - France Telecom Company Profile

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.

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