Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.53 and traded as high as $13.57. Telecom Argentina Stet – France Telecom shares last traded at $13.5320, with a volume of 184,198 shares changing hands.

Analysts Set New Price Targets

Several brokerages have commented on TEO. Morgan Stanley upgraded shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $13.00 to $17.00 in a research report on Wednesday, June 24th. Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Zacks Research lowered Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. UBS Group dropped their price objective 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. Finally, Scotiabank lifted their target price on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.43.

Telecom Argentina Stet – France Telecom Price Performance

The business’s 50 day moving average is $13.43 and its 200-day moving average is $12.54. The firm has a market capitalization of $5.71 billion, a P/E ratio of 10.78 and a beta of 1.36. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.50.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In other news, Director Alejandro Alberto Urricelqui acquired 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the transaction, the director directly owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. The trade was a 10.79% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEO. Van ECK Associates Corp acquired a new position in Telecom Argentina Stet – France Telecom in the third quarter valued at $43,000. EFG International AG bought a new position in Telecom Argentina Stet – France Telecom in the 4th quarter valued at about $58,000. XP Advisory US Inc. purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the second quarter valued at about $82,000. Qube Research & Technologies Ltd bought a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at $98,000. Finally, Engineers Gate Manager LP purchased a new stake in Telecom Argentina Stet – France Telecom during the second quarter worth about $110,000.

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.