Telecom Argentina Stet – France Telecom (NYSE:TEO – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.
Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $12.00 to $16.00 in a research note on Wednesday, April 29th. Scotiabank downgraded shares of Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and upped their price objective for the company from $8.20 to $8.60 in a research note on Friday, March 27th. Finally, Weiss Ratings downgraded shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Telecom Argentina Stet – France Telecom currently has a consensus rating of “Hold” and a consensus price target of $13.87.
Check Out Our Latest Report on Telecom Argentina Stet – France Telecom
Telecom Argentina Stet – France Telecom Stock Performance
Telecom Argentina Stet – France Telecom (NYSE:TEO – Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. The firm had revenue of $1.35 billion for the quarter. On average, sell-side analysts expect that Telecom Argentina Stet – France Telecom will post 0.67 EPS for the current year.
Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom
Hedge funds have recently bought and sold shares of the business. Monaco Asset Management SAM purchased a new stake in Telecom Argentina Stet – France Telecom in the 3rd quarter worth about $872,000. Millennium Management LLC lifted its stake in Telecom Argentina Stet – France Telecom by 160.8% in the 4th quarter. Millennium Management LLC now owns 125,593 shares of the utilities provider’s stock worth $1,458,000 after acquiring an additional 77,437 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Telecom Argentina Stet – France Telecom by 321.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after acquiring an additional 79,893 shares in the last quarter. Jump Financial LLC purchased a new stake in Telecom Argentina Stet – France Telecom in the 2nd quarter worth about $596,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter worth about $110,000.
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.
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