Telecom Argentina Stet – France Telecom (NYSE:TEO – Get Free Report) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $16.00 to $19.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 38.07% from the company’s previous close.
Several other brokerages also recently weighed in on TEO. Weiss Ratings upgraded shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, Scotiabank lifted their price target on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.07.
Check Out Our Latest Analysis on Telecom Argentina Stet – France Telecom
Telecom Argentina Stet – France Telecom Stock Performance
Telecom Argentina Stet – France Telecom (NYSE:TEO – Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. On average, sell-side analysts forecast that Telecom Argentina Stet – France Telecom will post 1.41 EPS for the current fiscal year.
Insider Activity at Telecom Argentina Stet – France Telecom
In related news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of $13.43 per share, with a total value of $522,292.70. Following the purchase, the director owned 399,348 shares in the company, valued at approximately $5,363,243.64. The trade was a 10.79% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RWC Asset Management LLP lifted its position in 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 worth $11,717,000 after purchasing an additional 339,416 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of Telecom Argentina Stet – France Telecom during the 1st quarter valued at $8,565,000. Sagil Capital LLP bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 4th quarter worth $7,629,000. Banco BTG Pactual S.A. acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at $2,725,000. Finally, UBS Group AG lifted its holdings 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 buying an additional 60,033 shares during the period.
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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