Telecom Argentina Stet – France Telecom (NYSE:TEO) Raised to “Hold” at Zacks Research

Telecom Argentina Stet – France Telecom (NYSE:TEO) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on TEO. Scotiabank upgraded shares of Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and boosted their price target for the stock from $4.50 to $8.20 in a research report on Monday, September 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday. Finally, UBS Group set a $17.00 price target on Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.93.

Telecom Argentina Stet – France Telecom Trading Down 1.6%

Shares of NYSE TEO traded down $0.20 during trading on Tuesday, reaching $12.67. The company had a trading volume of 48,073 shares, compared to its average volume of 246,165. The stock has a market cap of $5.46 billion, a P/E ratio of -422.19 and a beta of 1.34. The company’s fifty day moving average price is $9.11 and its 200-day moving average price is $9.31. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.48. Telecom Argentina Stet – France Telecom has a 12 month low of $6.43 and a 12 month high of $15.53.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings data on Monday, November 10th. The utilities provider reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.13. Telecom Argentina Stet – France Telecom had a negative return on equity of 0.26% and a negative net margin of 0.28%.The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. As a group, research analysts expect that Telecom Argentina Stet – France Telecom will post 1.28 earnings per share for the current year.

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp bought a new position in Telecom Argentina Stet – France Telecom in the third quarter worth approximately $43,000. Hsbc Holdings PLC acquired a new position in shares of Telecom Argentina Stet – France Telecom during the first quarter worth approximately $119,000. Engineers Gate Manager LP acquired a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter worth approximately $110,000. Qube Research & Technologies Ltd bought a new position in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter worth $98,000. Finally, Cetera Investment Advisers acquired a new stake in Telecom Argentina Stet – France Telecom in the 1st quarter valued at $271,000.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.