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

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.55.

A number of research firms have recently commented on TEO. Wall Street Zen downgraded Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Scotiabank increased their price objective on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. lifted their price objective on shares of 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. Weiss Ratings upgraded shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Zacks Research cut shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th.

Insider Transactions at Telecom Argentina Stet – France Telecom

In related news, Director Alejandro Alberto Urricelqui acquired 38,890 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average cost of $13.43 per share, with a total value of $522,292.70. Following the purchase, the director directly owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. This trade represents a 10.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of institutional investors have recently bought and sold shares of TEO. Sagil Capital LLP purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 4th quarter worth about $7,629,000. RWC Asset Management LLP raised its position in Telecom Argentina Stet – France Telecom by 50.7% in the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after purchasing an additional 339,416 shares during the period. Verde Servicos Internacionais S.A. purchased a new stake in Telecom Argentina Stet – France Telecom in the 1st quarter worth about $701,000. SPX Gestao de Recursos Ltda bought a new stake in Telecom Argentina Stet – France Telecom in the first quarter worth about $8,565,000. Finally, Absolute Gestao de Investimentos Ltda. bought a new stake in Telecom Argentina Stet – France Telecom in the first quarter worth about $1,015,000.

Telecom Argentina Stet – France Telecom Price Performance

Shares of Telecom Argentina Stet – France Telecom stock opened at $13.81 on Friday. The firm has a market cap of $5.95 billion, a PE ratio of 27.08 and a beta of 1.36. The stock has a 50 day moving average of $13.64 and a 200 day moving average of $12.46. 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 $16.34.

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.