Telecom Argentina Stet – France Telecom S.A. (TEO) Receives Average Rating of “Buy” from Brokerages

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have earned a consensus recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $29.00.

Several equities research analysts have recently weighed in on TEO shares. ValuEngine raised Telecom Argentina Stet – France Telecom from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. BidaskClub lowered Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Morgan Stanley lowered Telecom Argentina Stet – France Telecom from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $25.00 to $28.00 in a research note on Thursday, August 10th.

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Several institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC boosted its position in shares of Telecom Argentina Stet – France Telecom by 11.4% in the second quarter. IHT Wealth Management LLC now owns 1,950 shares of the utilities provider’s stock worth $334,000 after buying an additional 200 shares during the period. Morgan Stanley boosted its position in shares of Telecom Argentina Stet – France Telecom by 2.3% in the first quarter. Morgan Stanley now owns 159,771 shares of the utilities provider’s stock worth $3,545,000 after buying an additional 3,593 shares during the period. Pictet Asset Management Ltd. acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the second quarter worth $114,000. Quantbot Technologies LP acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter worth $165,000. Finally, LSV Asset Management boosted its position in shares of Telecom Argentina Stet – France Telecom by 45.8% in the second quarter. LSV Asset Management now owns 22,600 shares of the utilities provider’s stock worth $572,000 after buying an additional 7,100 shares during the period. 5.26% of the stock is owned by institutional investors and hedge funds.

Telecom Argentina Stet – France Telecom (NYSE TEO) traded up $0.51 on Monday, hitting $33.81. The stock had a trading volume of 201,178 shares, compared to its average volume of 213,241. The company has a market cap of $3,170.00, a price-to-earnings ratio of 15.99, a PEG ratio of 1.30 and a beta of 1.48. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 0.33. Telecom Argentina Stet – France Telecom has a 1-year low of $17.04 and a 1-year high of $34.20.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).

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