Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Rating Upgraded by Zacks Research

Telecom Argentina Stet – France Telecom (NYSE:TEO) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

TEO has been the subject of a number of other reports. UBS Group set a $17.00 price target on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research report on Monday, November 3rd. Scotiabank upgraded shares of Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and increased their price objective for the stock from $4.50 to $8.20 in a research note on Monday, September 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.93.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of TEO stock opened at $12.86 on Tuesday. The business has a fifty day moving average of $9.11 and a 200 day moving average of $9.31. Telecom Argentina Stet – France Telecom has a 1 year low of $6.43 and a 1 year high of $15.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.43 and a quick ratio of 0.39. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of -428.42 and a beta of 1.34.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings data on Monday, November 10th. The utilities provider reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.13. Telecom Argentina Stet – France Telecom had a negative return on equity of 0.26% and a negative net margin of 0.28%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. As a group, research analysts expect that Telecom Argentina Stet – France Telecom will post 1.28 earnings per share for the current year.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 buying an additional 152,837 shares in the last quarter. RWC Asset Management LLP grew its position in shares of Telecom Argentina Stet – France Telecom by 0.4% during the 3rd quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock valued at $4,870,000 after acquiring an additional 2,383 shares during the period. Banco BTG Pactual S.A. acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter valued at about $2,725,000. UBS Group AG increased its stake in shares of Telecom Argentina Stet – France Telecom by 18.6% in the 3rd quarter. UBS Group AG now owns 233,626 shares of the utilities provider’s stock valued at $1,698,000 after purchasing an additional 36,642 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in Telecom Argentina Stet – France Telecom by 317.8% in the 3rd quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after purchasing an additional 155,299 shares during the period.

Telecom Argentina Stet – France Telecom Company Profile

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.