Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently issued reports on TEO. Zacks Investment Research upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research report on Saturday, August 12th. Morgan Stanley downgraded shares of Telecom Argentina Stet – France Telecom from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $25.00 to $28.00 in a research report on Thursday, August 10th. BidaskClub upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. TheStreet upgraded shares of Telecom Argentina Stet – France Telecom from a “c+” rating to an “a” rating in a research report on Monday, June 12th. Finally, Bank of America Corporation upgraded shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $30.00 in a research report on Monday, July 3rd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.67.

Telecom Argentina Stet – France Telecom (NYSE:TEO) traded up 1.74% during mid-day trading on Friday, hitting $30.47. The stock had a trading volume of 140,540 shares. Telecom Argentina Stet – France Telecom has a one year low of $17.04 and a one year high of $31.53. The stock has a market cap of $5.91 billion, a PE ratio of 17.46 and a beta of 1.42. The firm’s 50-day moving average is $28.77 and its 200 day moving average is $25.18.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Soros Fund Management LLC acquired a new position in Telecom Argentina Stet – France Telecom during the first quarter worth $5,180,000. Fiera Capital Corp acquired a new position in Telecom Argentina Stet – France Telecom during the second quarter worth $5,164,000. Acadian Asset Management LLC increased its position 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. Freestone Capital Holdings LLC increased its position in Telecom Argentina Stet – France Telecom by 66.2% in the second quarter. Freestone Capital Holdings LLC now owns 317,654 shares of the utilities provider’s stock worth $8,049,000 after buying an additional 126,578 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Telecom Argentina Stet – France Telecom by 76.6% in the first quarter. Goldman Sachs Group Inc. now owns 251,228 shares of the utilities provider’s stock worth $5,575,000 after buying an additional 108,953 shares in the last quarter. Institutional investors and hedge funds own 5.22% of the company’s stock.

About Telecom Argentina Stet – France Telecom

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).

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