Telecom Argentina Stet - France Telecom's (TEO) "Sell (E+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "Sell (E+)" rating for Telecom Argentina Stet - France Telecom (NYSE: TEO) in a recent research report.
• Scotiabank recently upgraded the stock from "sector underperform" to "sector perform" and raised the target price from $4.50 to $8.20.
• The company currently has a consensus rating of "Reduce" with an average target price of $10.23, and it traded up 0.9% to $7.90 during the latest trading session.

Telecom Argentina Stet - France Telecom (NYSE:TEO - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities researchers at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

TEO has been the subject of several other reports. Scotiabank upgraded Telecom Argentina Stet - France Telecom from a "sector underperform" rating to a "sector perform" rating and upped their target price for the company from $4.50 to $8.20 in a research note on Monday, September 8th. Zacks Research lowered Telecom Argentina Stet - France Telecom from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $10.23.

Telecom Argentina Stet - France Telecom Trading Up 0.9%

Telecom Argentina Stet - France Telecom stock traded up $0.07 during trading on Tuesday, hitting $7.90. The company's stock had a trading volume of 128,017 shares, compared to its average volume of 226,088. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of -262.85 and a beta of 1.30. The stock's fifty day moving average is $8.27 and its 200 day moving average is $9.23. 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 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 institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of Telecom Argentina Stet - France Telecom by 21.3% in the second quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider's stock worth $237,000 after buying an additional 4,714 shares during the period. Invesco Ltd. boosted its position 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 buying an additional 9,243 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Telecom Argentina Stet - France Telecom in the first quarter worth about $119,000. Engineers Gate Manager LP purchased a new stake in shares of Telecom Argentina Stet - France Telecom in the second quarter worth about $110,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Telecom Argentina Stet - France Telecom in the first quarter worth about $271,000.

About Telecom Argentina Stet - France Telecom

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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