Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.50.

Several analysts have weighed in on the stock. BidaskClub lowered shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Bank of America Corporation upgraded shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to a “buy” rating and boosted their target price for the company from $26.00 to $30.00 in a research note on Monday, July 3rd. HSBC Holdings plc lowered shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, TheStreet upgraded shares of Telecom Argentina Stet – France Telecom from a “c+” rating to an “a” rating in a research note on Monday, June 12th.

Hedge funds have recently added to or reduced their stakes in the stock. Airain ltd acquired a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at $402,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at $208,000. William Blair Investment Management LLC acquired a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at $1,499,000. BTC Capital Management Inc. acquired a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at $224,000. Finally, Global X Management Co. LLC raised its stake in Telecom Argentina Stet – France Telecom by 26.5% in the second quarter. Global X Management Co. LLC now owns 308,777 shares of the utilities provider’s stock valued at $7,824,000 after buying an additional 64,753 shares during the last quarter. Hedge funds and other institutional investors own 5.93% of the company’s stock.

Shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) traded up 0.18% on Friday, reaching $28.33. 36,220 shares of the company’s stock traded hands. The company has a 50 day moving average of $26.75 and a 200-day moving average of $23.79. The stock has a market capitalization of $5.49 billion, a PE ratio of 18.89 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.

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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).

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