Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Climb 8.2% – Time to Buy?

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) rose 8.2% during trading on Wednesday. The company traded as high as $13.44 and last traded at $13.4960. 411,403 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 350,272 shares. The stock had previously closed at $12.47.

Analyst Ratings Changes

TEO has been the topic of a number of research reports. UBS Group reduced their target price on shares of Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Wall Street Zen lowered Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a report on Sunday, September 20th. JPMorgan Chase & Co. raised their price objective on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Zacks Research lowered Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Morgan Stanley upgraded Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $13.00 to $17.00 in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Telecom Argentina Stet – France Telecom currently has a consensus rating of “Hold” and a consensus target price of $15.93.

Telecom Argentina Stet – France Telecom Stock Up 8.2%

The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market cap of $5.81 billion, a PE ratio of 10.95 and a beta of 1.35. The business’s 50-day simple moving average is $13.04 and its 200 day simple moving average is $12.96.

Insider Activity

In related news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of Telecom Argentina Stet – France Telecom stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $2.78, for a total transaction of $524,030.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Telecom Argentina Stet – France Telecom

Hedge funds have recently bought and sold shares of the stock. Artemis Investment Management LLP bought a new stake in Telecom Argentina Stet – France Telecom during the 3rd quarter valued at $11,422,000. ABS Direct Equity Fund LLC acquired a new position in Telecom Argentina Stet – France Telecom during the second quarter worth $3,033,000. Engineers Gate Manager LP raised its holdings in shares of Telecom Argentina Stet – France Telecom by 105.6% during the 2nd quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider’s stock worth $1,130,000 after acquiring an additional 44,647 shares during the period. Absolute Gestao de Investimentos Ltda. lifted its stake in Telecom Argentina Stet – France Telecom by 156.7% during the second quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider’s stock worth $2,898,000 after purchasing an additional 136,091 shares in the last quarter. Finally, XP Advisory US Inc. acquired a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter worth about $82,000.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina SA is a telecommunications and digital-services company serving residential, business and government customers primarily in Argentina. Its offerings include mobile voice and data services, fixed-line telephony, broadband internet, data transmission and other connectivity solutions.

The company also provides pay television and digital entertainment through its Flow platform, along with information and communications technology services for businesses, including cloud, cybersecurity, data-center and managed connectivity solutions.