Telecom Argentina Stet – France Telecom (NYSE:TEO) Reaches New 1-Year High Following Analyst Upgrade

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) shares reached a new 52-week high during trading on Thursday after Scotiabank raised their price target on the stock from $8.60 to $9.20. Scotiabank currently has a sector underperform rating on the stock. Telecom Argentina Stet – France Telecom traded as high as $14.17 and last traded at $14.0540, with a volume of 1919883 shares changing hands. The stock had previously closed at $12.74.

TEO has been the topic of several other reports. JPMorgan Chase & Co. upgraded Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and raised their target price for the company from $12.00 to $16.00 in a research report on Wednesday, April 29th. 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. 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, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.07.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Monaco Asset Management SAM bought a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter valued at $872,000. UBS Group AG boosted its stake in Telecom Argentina Stet – France Telecom by 25.7% during the 4th quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock valued at $3,409,000 after purchasing an additional 60,033 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in Telecom Argentina Stet – France Telecom during the 1st quarter valued at $8,565,000. Y Intercept Hong Kong Ltd boosted its stake in Telecom Argentina Stet – France Telecom by 8.3% during the 1st 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 in the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in Telecom Argentina Stet – France Telecom during the 1st quarter valued at $561,000.

Telecom Argentina Stet – France Telecom Trading Up 10.3%

The stock has a market capitalization of $6.05 billion, a P/E ratio of 27.56 and a beta of 1.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58. The business has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $11.83.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. The business 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%. On average, analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 0.85 EPS for the current year.

Telecom Argentina Stet – France Telecom Company Profile

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.