Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Given Consensus Rating of “Hold” by Brokerages

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has received a consensus rating of “Hold” from the five analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $13.8667.

A number of brokerages have recently issued reports on TEO. Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. JPMorgan Chase & Co. raised Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $12.00 to $16.00 in a research note on Wednesday, April 29th. Scotiabank lowered Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and lifted their price target for the stock from $8.20 to $8.60 in a research note on Friday, March 27th. Finally, Zacks Research raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th.

Institutional Trading of Telecom Argentina Stet – France Telecom

Institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter worth approximately $43,000. EFG International AG acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth approximately $58,000. Qube Research & Technologies Ltd acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter worth approximately $98,000. Engineers Gate Manager LP acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the second quarter worth approximately $110,000. Finally, Hsbc Holdings PLC purchased a new position in Telecom Argentina Stet – France Telecom during the fourth quarter worth approximately $171,000.

Telecom Argentina Stet – France Telecom Stock Down 0.4%

Shares of TEO opened at $11.82 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51. Telecom Argentina Stet – France Telecom has a 12 month low of $6.43 and a 12 month high of $13.81. The stock’s 50 day moving average is $11.70 and its two-hundred day moving average is $11.82. The firm has a market cap of $5.09 billion, a P/E ratio of 23.18 and a beta of 1.26.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $1.35 billion for the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%. Analysts predict that Telecom Argentina Stet – France Telecom will post 0.85 earnings per share for the current fiscal year.

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.