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

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $15.55.

A number of brokerages recently issued reports on TEO. JPMorgan Chase & Co. raised their target price on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. Wall Street Zen upgraded Telecom Argentina Stet – France Telecom from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Zacks Research cut Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Scotiabank lifted 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 report on Wednesday, May 27th.

Telecom Argentina Stet – France Telecom Stock Down 0.0%

Shares of Telecom Argentina Stet – France Telecom stock opened at $13.12 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.56. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 25.72 and a beta of 1.35. The firm’s 50-day moving average is $13.21 and its two-hundred day moving average is $12.22. Telecom Argentina Stet – France Telecom has a 1 year low of $6.43 and a 1 year high of $16.34.

Insider Transactions at Telecom Argentina Stet – France Telecom

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui acquired 38,890 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average cost of $13.43 per share, for a total transaction of $522,292.70. Following the purchase, the director owned 399,348 shares in the company, valued at approximately $5,363,243.64. The trade was a 10.79% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Telecom Argentina Stet – France Telecom

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom during the first quarter worth $379,000. Arrowstreet Capital Limited Partnership boosted its holdings in Telecom Argentina Stet – France Telecom by 321.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock valued at $925,000 after purchasing an additional 79,893 shares during the last quarter. Marshall Wace LLP acquired a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter worth about $346,000. Jump Financial LLC acquired a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter worth about $596,000. Finally, Jane Street Group LLC acquired a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter worth about $578,000.

About Telecom Argentina Stet – France Telecom

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.