Telecom Argentina Stet – France Telecom (NYSE:TEO) Upgraded by Wall Street Zen to Buy Rating

Telecom Argentina Stet – France Telecom (NYSE:TEO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also issued reports on TEO. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Scotiabank increased their target price on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.07.

Telecom Argentina Stet – France Telecom Price Performance

Shares of NYSE:TEO opened at $15.24 on Friday. 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 1 year low of $6.43 and a 1 year high of $16.34. The business has a fifty day simple moving average of $12.41 and a 200 day simple moving average of $11.96. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 29.88 and a beta of 1.32.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%.The business had revenue of $1.35 billion during the quarter. As a group, sell-side analysts predict that Telecom Argentina Stet – France Telecom will post 1.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the stock in a transaction on Tuesday, June 2nd. The shares were 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 of the company’s stock, valued at $5,363,243.64. This represents a 10.79% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Hedge funds and other institutional investors have recently made changes to their positions in the business. Monaco Asset Management SAM acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at about $872,000. Sagil Capital LLP acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the fourth quarter valued at about $7,629,000. RWC Asset Management LLP grew its position in shares of Telecom Argentina Stet – France Telecom by 50.7% in the fourth quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock valued at $11,717,000 after purchasing an additional 339,416 shares during the last quarter. UBS Group AG grew its position in shares of Telecom Argentina Stet – France Telecom by 25.7% in the fourth 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 during the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the fourth quarter valued at about $1,097,000.

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.