Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Given Average Rating of “Reduce” by Analysts

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has been given a consensus rating of “Reduce” by the six research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.9250.

Several equities analysts recently issued reports on the stock. Scotiabank upgraded shares of Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and boosted their target price for the company from $4.50 to $8.20 in a research note on Monday, September 8th. Zacks Research downgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Wednesday, November 5th. Finally, UBS Group set a $17.00 price target on Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a research note on Monday, November 3rd.

Telecom Argentina Stet – France Telecom Trading Down 1.3%

Shares of NYSE:TEO opened at $12.57 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. Telecom Argentina Stet – France Telecom has a 12-month low of $6.43 and a 12-month high of $15.53. The business has a 50 day moving average of $8.48 and a two-hundred day moving average of $9.16. The company has a market capitalization of $5.41 billion, a PE ratio of -418.89 and a beta of 1.35.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TEO. Cetera Investment Advisers acquired a new stake in Telecom Argentina Stet – France Telecom in the 1st quarter valued at $271,000. Invesco Ltd. raised its position in Telecom Argentina Stet – France Telecom by 19.8% during the first quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider’s stock worth $571,000 after acquiring an additional 9,243 shares during the period. Hsbc Holdings PLC purchased a new position in Telecom Argentina Stet – France Telecom during the first quarter valued at $119,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the first quarter valued at about $329,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Telecom Argentina Stet – France Telecom by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,872 shares of the utilities provider’s stock valued at $25,270,000 after purchasing an additional 152,837 shares during the period.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.