Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Stock Has Consensus Price Target of $15.93 According to Analysts

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has been given an average rating of “Hold” by the seven research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $15.93.

Several research firms recently issued reports on TEO. Santander assumed coverage on shares of Telecom Argentina Stet – France Telecom in a research note on Friday. They issued an “outperform” rating for the company. UBS Group lowered their price target on shares of Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price target on shares of Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Morgan Stanley upgraded shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $13.00 to $17.00 in a research report on Wednesday, June 24th. Finally, Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday.

Telecom Argentina Stet – France Telecom Trading Up 2.1%

Telecom Argentina Stet – France Telecom stock opened at $12.45 on Wednesday. The firm has a market cap of $5.36 billion, a PE ratio of 10.12 and a beta of 1.35. Telecom Argentina Stet – France Telecom has a 12 month low of $7.07 and a 12 month high of $16.34. The stock’s 50 day simple moving average is $13.04 and its two-hundred day simple moving average is $12.96. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Insider Activity

In other news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $2.78, for a total transaction of $524,030.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Several institutional investors and hedge funds have recently modified their holdings of the business. Artemis Investment Management LLP acquired a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter worth about $11,422,000. SPX Gestao de Recursos Ltda purchased a new position in Telecom Argentina Stet – France Telecom during the first quarter worth approximately $8,565,000. ABS Direct Equity Fund LLC purchased a new position in Telecom Argentina Stet – France Telecom during the second quarter worth approximately $3,033,000. Absolute Gestao de Investimentos Ltda. boosted its position 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, Engineers Gate Manager LP grew its holdings in Telecom Argentina Stet – France Telecom by 105.6% in the second quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider’s stock valued at $1,130,000 after purchasing an additional 44,647 shares during the period.

About Telecom Argentina Stet – France Telecom

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.