Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.0667.

A number of analysts have commented on the company. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. upped their price target on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Scotiabank increased their target price on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of TEO opened at $14.57 on Thursday. 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 business has a 50-day simple moving average of $12.59 and a two-hundred day simple moving average of $12.02. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 28.56 and a beta of 1.32. Telecom Argentina Stet – France Telecom has a 52 week low of $6.43 and a 52 week high of $16.34.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. The business had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%. On average, analysts expect that Telecom Argentina Stet – France Telecom will post 1.65 EPS for the current year.

Insider Activity

In other news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the acquisition, the director directly owned 399,348 shares of the company’s stock, valued at $5,363,243.64. This represents a 10.79% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp purchased a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter valued at approximately $43,000. EFG International AG purchased a new position in Telecom Argentina Stet – France Telecom during the 4th quarter valued at approximately $58,000. Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter valued at approximately $98,000. Engineers Gate Manager LP purchased a new position in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at approximately $110,000. Finally, Hsbc Holdings PLC purchased a new position in Telecom Argentina Stet – France Telecom during the 4th quarter valued at approximately $171,000.

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.