Telecom Argentina Stet – France Telecom (NYSE:TEO) Sets New 12-Month High – Here’s What Happened

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) shares reached a new 52-week high on Thursday . The company traded as high as $15.28 and last traded at $15.5350, with a volume of 141277 shares trading hands. The stock had previously closed at $14.23.

Analysts Set New Price Targets

A number of brokerages have issued reports on TEO. Weiss Ratings upgraded 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. 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. JPMorgan Chase & Co. increased their price objective on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Scotiabank lifted their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.07.

Telecom Argentina Stet – France Telecom Stock Down 4.6%

The business has a 50-day moving average of $12.41 and a 200 day moving average of $11.96. The company has a market capitalization of $6.56 billion, a PE ratio of 29.88 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.56.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. The business 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%. Equities research analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 1.41 earnings per share for the current year.

Insiders Place Their Bets

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the completion of the transaction, the director owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. This trade represents a 10.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently made changes to their positions in TEO. Acadian Asset Management LLC bought a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth approximately $379,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Telecom Argentina Stet – France Telecom by 321.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after acquiring an additional 79,893 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter worth about $346,000. Jump Financial LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter worth about $596,000. Finally, Jane Street Group LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter worth about $578,000.

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.