Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Receives Consensus Rating of “Hold” from Analysts

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have been given an average rating of “Hold” by the five analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.8667.

Several brokerages recently weighed in on TEO. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. upgraded Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.00 to $16.00 in a research report on Wednesday, April 29th. Scotiabank cut Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and lifted their price target for the company from $8.20 to $8.60 in a research report on Friday, March 27th. Finally, Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several institutional investors have recently bought and sold shares of the business. Absolute Gestao de Investimentos Ltda. acquired a new stake in Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $1,015,000. SPX Gestao de Recursos Ltda acquired a new stake in Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $8,565,000. Y Intercept Hong Kong Ltd grew its holdings in Telecom Argentina Stet – France Telecom by 8.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 1,628 shares during the period. Pictet Asset Management Holding SA acquired a new stake in Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $561,000. Finally, Verde Servicos Internacionais S.A. acquired a new stake in Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $701,000.

Telecom Argentina Stet – France Telecom Stock Down 0.4%

Shares of TEO stock opened at $11.82 on Friday. The stock has a 50 day moving average of $11.70 and a 200 day moving average of $11.82. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51. The stock has a market cap of $5.09 billion, a P/E ratio of 23.18 and a beta of 1.26. Telecom Argentina Stet – France Telecom has a twelve month low of $6.43 and a twelve month high of $13.81.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. The company had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%. As a group, sell-side analysts expect that Telecom Argentina Stet – France Telecom will post 0.85 EPS for the current year.

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.