UBS Group Has Lowered Expectations for Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Price

Telecom Argentina Stet – France Telecom (NYSE:TEOGet Free Report) had its price objective lowered by research analysts at UBS Group from $18.00 to $16.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price indicates a potential upside of 24.11% from the company’s current price.

TEO has been the subject of several other reports. Morgan Stanley upgraded Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $13.00 to $17.00 in a research report on Wednesday, June 24th. Scotiabank boosted their price objective on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a research report on Wednesday, May 27th. Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. lifted their price objective on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 26th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.43.

Read Our Latest Stock Analysis on Telecom Argentina Stet – France Telecom

Telecom Argentina Stet – France Telecom Trading Down 1.5%

Shares of NYSE TEO opened at $13.29 on Wednesday. Telecom Argentina Stet – France Telecom has a fifty-two week low of $6.43 and a fifty-two week high of $16.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 10.80 and a beta of 1.36. The business’s 50 day moving average price is $13.61 and its 200-day moving average price is $12.52.

Insiders Place Their Bets

In related news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was bought at an average cost of $13.43 per share, for a total transaction of $522,292.70. Following the acquisition, the director directly owned 399,348 shares in the company, valued at $5,363,243.64. This represents a 10.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Telecom Argentina Stet – France Telecom

Institutional investors have recently made changes to their positions in the company. RWC Asset Management LLP boosted its stake in Telecom Argentina Stet – France Telecom by 50.7% during the fourth quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after buying an additional 339,416 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $8,565,000. Sagil Capital LLP acquired a new stake in Telecom Argentina Stet – France Telecom during the 4th quarter worth approximately $7,629,000. Banco BTG Pactual S.A. purchased a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at approximately $2,725,000. Finally, UBS Group AG increased its position in shares of Telecom Argentina Stet – France Telecom by 25.7% during the fourth quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock worth $3,409,000 after acquiring an additional 60,033 shares during the period.

About Telecom Argentina Stet – France Telecom

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Telecom Argentina Stet - France Telecom (NYSE:TEO)

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