Wall Street Zen upgraded shares of Telecom Argentina Stet – France Telecom (NYSE:TEO – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.
Several other equities analysts have also recently commented on the company. UBS Group decreased their target price on Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings cut Telecom Argentina Stet – France Telecom from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. JPMorgan Chase & Co. boosted their price objective on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Scotiabank upped their price objective on shares of 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. Finally, Morgan Stanley raised shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $13.00 to $17.00 in a research note on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.93.
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Telecom Argentina Stet – France Telecom Trading Up 4.4%
Insiders Place Their Bets
In other Telecom Argentina Stet – France Telecom news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $2.78, for a total transaction of $524,030.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.
Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom
Hedge funds and other institutional investors have recently modified their holdings of the company. ABS Direct Equity Fund LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter valued at about $3,033,000. Engineers Gate Manager LP lifted its position in Telecom Argentina Stet – France Telecom by 105.6% in the 2nd quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider’s stock worth $1,130,000 after buying an additional 44,647 shares during the last quarter. Absolute Gestao de Investimentos Ltda. boosted its stake in Telecom Argentina Stet – France Telecom by 156.7% in the second quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider’s stock worth $2,898,000 after buying an additional 136,091 shares in the last quarter. XP Advisory US Inc. purchased a new stake in Telecom Argentina Stet – France Telecom in the second quarter worth approximately $82,000. Finally, SPX Gestao de Recursos Ltda bought a new position in Telecom Argentina Stet – France Telecom during the first quarter valued at approximately $8,565,000.
About Telecom Argentina Stet – France Telecom
Telecom Argentina SA, formerly known as Telecom Argentina STET-France Telecom, is a telecommunications company serving consumers, businesses and public-sector organizations primarily in Argentina. The company provides mobile and fixed-line voice services, broadband internet access, data connectivity and other communications solutions.
Its consumer brands include Personal for mobile and broadband services and Flow for pay television, video streaming and related entertainment offerings. Telecom Argentina also provides information and communications technology services to corporate and institutional customers, including connectivity, data transmission, cloud, cybersecurity and other digital solutions.
The company was established following Argentina’s telecommunications privatization in the early 1990s, with STET and France Télécom initially participating in its ownership.
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