BidaskClub lowered shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) from a buy rating to a hold rating in a research report report published on Friday morning.

A number of other equities research analysts have also commented on the company. Bank of America Corp raised Telecom Argentina Stet – France Telecom from a neutral rating to a buy rating and raised their price target for the stock from $26.00 to $30.00 in a research report on Monday, July 3rd. HSBC Holdings plc lowered Telecom Argentina Stet – France Telecom from a buy rating to a hold rating in a research report on Thursday, June 22nd. Zacks Investment Research lowered Telecom Argentina Stet – France Telecom from a strong-buy rating to a hold rating in a research report on Wednesday, June 21st. TheStreet raised Telecom Argentina Stet – France Telecom from a c+ rating to an a rating in a research report on Monday, June 12th. Finally, ValuEngine raised Telecom Argentina Stet – France Telecom from a hold rating to a buy rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $25.67.

Telecom Argentina Stet – France Telecom (NYSE:TEO) traded up 1.10% during trading on Friday, reaching $26.68. The company’s stock had a trading volume of 22,492 shares. The stock’s 50 day moving average is $26.72 and its 200-day moving average is $23.73. The firm has a market cap of $5.17 billion, a P/E ratio of 17.79 and a beta of 1.42. Telecom Argentina Stet – France Telecom has a 52 week low of $17.04 and a 52 week high of $29.89.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.watchlistnews.com/bidaskclub-downgrades-telecom-argentina-stet-france-telecom-s-a-nyseteo-to-hold/1465596.html.

Several large investors have recently added to or reduced their stakes in TEO. Pictet Asset Management Ltd. acquired a new stake in Telecom Argentina Stet – France Telecom during the second quarter worth approximately $114,000. Parkwood LLC acquired a new stake in Telecom Argentina Stet – France Telecom during the second quarter worth approximately $557,000. Acadian Asset Management LLC raised its stake in Telecom Argentina Stet – France Telecom by 60.5% in the second quarter. Acadian Asset Management LLC now owns 508,691 shares of the utilities provider’s stock worth $12,890,000 after buying an additional 191,773 shares in the last quarter. Deltec Asset Management LLC raised its stake in Telecom Argentina Stet – France Telecom by 72.4% in the second quarter. Deltec Asset Management LLC now owns 55,000 shares of the utilities provider’s stock worth $1,394,000 after buying an additional 23,100 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new stake in Telecom Argentina Stet – France Telecom during the second quarter worth approximately $233,000. 5.89% of the stock is currently owned by institutional investors.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).

Receive News & Ratings for Telecom Argentina Stet - France Telecom S.A. 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 S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.