Telecom Argentina Stet – France Telecom (NYSE:TEO) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) from a strong-buy rating to a buy rating in a research note released on Sunday morning.

A number of other analysts have also recently commented on the stock. Morgan Stanley upgraded shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $13.00 to $17.00 in a research note on Wednesday, June 24th. Zacks Research lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. raised their target price on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. Finally, Scotiabank lifted their price target 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. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.55.

Telecom Argentina Stet – France Telecom Trading Down 0.1%

Shares of Telecom Argentina Stet – France Telecom stock opened at $13.66 on Friday. The stock has a market cap of $5.88 billion, a P/E ratio of 26.78 and a beta of 1.35. The company has a quick ratio of 0.56, a current ratio of 0.58 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. The business’s 50 day moving average is $13.39 and its 200-day moving average is $12.30.

Insider Transactions at Telecom Argentina Stet – France Telecom

In related news, Director Alejandro Alberto Urricelqui acquired 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of $13.43 per share, with a total value of $522,292.70. Following the completion of the transaction, the director directly owned 399,348 shares in the company, valued at $5,363,243.64. This trade represents a 10.79% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of hedge funds have recently modified their holdings of TEO. Van ECK Associates Corp bought a new stake in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter worth about $43,000. EFG International AG bought a new position in Telecom Argentina Stet – France Telecom in the 4th quarter valued at about $58,000. Qube Research & Technologies Ltd bought a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at about $98,000. Engineers Gate Manager LP acquired a new stake in Telecom Argentina Stet – France Telecom during the second quarter worth approximately $110,000. Finally, Hsbc Holdings PLC acquired a new stake in Telecom Argentina Stet – France Telecom during the fourth quarter worth approximately $171,000.

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.