Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $15.0667.
A number of analysts have recently issued reports on the company. 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 research report on Wednesday, May 27th. JPMorgan Chase & Co. boosted their price objective on 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. 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. Wall Street Zen raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Zacks Research raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th.
Check Out Our Latest Stock Analysis on TEO
Insider Activity
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. Absolute Gestao de Investimentos Ltda. purchased a new stake in Telecom Argentina Stet – France Telecom in the first quarter worth $1,015,000. SPX Gestao de Recursos Ltda bought a new position in shares of Telecom Argentina Stet – France Telecom during the first quarter valued at $8,565,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Telecom Argentina Stet – France Telecom by 8.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 1,628 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in shares of Telecom Argentina Stet – France Telecom during the first quarter valued at $561,000. Finally, Verde Servicos Internacionais S.A. bought a new position in Telecom Argentina Stet – France Telecom in the first quarter valued at about $701,000.
Telecom Argentina Stet – France Telecom Stock Down 2.1%
Shares of NYSE TEO opened at $14.57 on Thursday. The company has a market cap of $6.27 billion, a P/E ratio of 28.56 and a beta of 1.32. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The business has a 50-day simple moving average of $12.59 and a two-hundred day simple moving average of $12.02. Telecom Argentina Stet – France Telecom has a 52 week low of $6.43 and a 52 week high of $16.34.
Telecom Argentina Stet – France Telecom (NYSE:TEO – Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%. Research analysts anticipate that Telecom Argentina Stet – France Telecom will post 1.65 earnings per share for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than Telecom Argentina Stet – France Telecom
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Receive News & Ratings for Telecom Argentina Stet - France Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom Argentina Stet - France Telecom and related companies with MarketBeat.com's FREE daily email newsletter.
