Wall Street Zen upgraded shares of Telecom Argentina Stet – France Telecom (NYSE:TEO – Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.
TEO has been the topic of several other research reports. Morgan Stanley upgraded Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $13.00 to $17.00 in a research note on Wednesday, June 24th. JPMorgan Chase & Co. upped their price target on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Scotiabank raised their price objective on 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. Zacks Research lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.55.
Get Our Latest Stock Analysis on TEO
Telecom Argentina Stet – France Telecom Stock Down 1.4%
Insider Activity
In other news, Director Alejandro Alberto Urricelqui bought 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the purchase, the director directly owned 399,348 shares in the company, valued at $5,363,243.64. The trade was a 10.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom
Several institutional investors have recently modified their holdings of the business. Van ECK Associates Corp bought a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at $43,000. EFG International AG purchased a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth about $58,000. Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at approximately $98,000. Engineers Gate Manager LP purchased a new position in shares of Telecom Argentina Stet – France Telecom in the second quarter valued at $110,000. Finally, Hsbc Holdings PLC bought a new position in Telecom Argentina Stet – France Telecom in the 4th quarter worth about $171,000.
Telecom Argentina Stet – France Telecom Company Profile
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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