Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO – Get Free Report)’s share price gapped up before the market opened on Wednesday after Morgan Stanley upgraded the stock from an equal weight rating to an overweight rating. The stock had previously closed at $13.03, but opened at $13.72. Morgan Stanley now has a $17.00 price target on the stock, up from their previous price target of $13.00. Telecom Argentina Stet – France Telecom shares last traded at $13.3290, with a volume of 47,891 shares.
Several other equities research analysts also recently weighed in on the company. Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Scotiabank upped their target price on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a research note on Wednesday, May 27th. Wall Street Zen raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.55.
Read Our Latest Stock Report on Telecom Argentina Stet – France Telecom
Insider Activity at Telecom Argentina Stet – France Telecom
Hedge Funds 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 stock. Acadian Asset Management LLC purchased a new position in Telecom Argentina Stet – France Telecom in the 1st quarter valued at about $379,000. Arrowstreet Capital Limited Partnership increased its stake in Telecom Argentina Stet – France Telecom by 321.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after buying an additional 79,893 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $346,000. Jump Financial LLC acquired a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $596,000. Finally, Jane Street Group LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom in the second quarter valued at approximately $578,000.
Telecom Argentina Stet – France Telecom Stock Performance
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 firm has a 50-day moving average price of $12.75 and a two-hundred day moving average price of $12.05. The firm has a market cap of $5.69 billion, a PE ratio of 25.89 and a beta of 1.32.
Telecom Argentina Stet – France Telecom (NYSE:TEO – Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. The firm had revenue of $1.35 billion for the quarter. Research analysts forecast that Telecom Argentina Stet – France Telecom S.A. will post 1.65 EPS for the current fiscal year.
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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