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

Key Points

• Telecom Argentina Stet - France Telecom S.A. has received an average recommendation of "Reduce" from analysts, with three sell ratings, one hold, and one buy. The average 12-month price target is $10.23.
• Recent analyst actions include a downgrade from Zacks Research to a "strong sell" and an upgrade from Scotiabank from "sector underperform" to "sector perform," raising their price target from $4.50 to $8.20.
• The company's stock currently trades at $7.45 with a market capitalization of $3.21 billion and has a 12-month price range between $6.43 and $15.53.

Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) has earned a consensus rating of "Reduce" from the five analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.2333.

A number of analysts have commented on TEO shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Telecom Argentina Stet - France Telecom in a research report on Saturday, September 27th. Scotiabank raised shares of Telecom Argentina Stet - France Telecom from a "sector underperform" rating to a "sector perform" rating and upped their price target for the company from $4.50 to $8.20 in a research report on Monday, September 8th. Finally, Zacks Research lowered shares of Telecom Argentina Stet - France Telecom from a "hold" rating to a "strong sell" rating in a report on Thursday.

Hedge Funds Weigh In On Telecom Argentina Stet - France Telecom

Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in shares of Telecom Argentina Stet - France Telecom during the first quarter valued at about $119,000. Engineers Gate Manager LP acquired a new stake in shares of Telecom Argentina Stet - France Telecom in the 2nd quarter worth about $110,000. Bank of America Corp DE raised its holdings in shares of Telecom Argentina Stet - France Telecom by 87.0% in the 4th quarter. Bank of America Corp DE now owns 20,684 shares of the utilities provider's stock worth $260,000 after acquiring an additional 9,621 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Telecom Argentina Stet - France Telecom in the 1st quarter worth about $271,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Telecom Argentina Stet - France Telecom in the 1st quarter worth about $329,000.

Telecom Argentina Stet - France Telecom Stock Performance

NYSE TEO opened at $7.45 on Friday. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of -248.25 and a beta of 1.30. Telecom Argentina Stet - France Telecom has a twelve month low of $6.43 and a twelve month high of $15.53. The stock has a fifty day simple moving average of $8.30 and a 200 day simple moving average of $9.26. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.48.

Telecom Argentina Stet - France Telecom Company Profile

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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