Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) was downgraded by equities research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday, The Fly reports.

Several other equities analysts have also recently weighed in on the company. BidaskClub cut Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Bank of America Corporation upgraded Telecom Argentina Stet – France Telecom from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $30.00 in a report on Monday, July 3rd. HSBC Holdings plc cut Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research cut Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, TheStreet upgraded Telecom Argentina Stet – France Telecom from a “c+” rating to an “a” rating in a report on Monday, June 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Telecom Argentina Stet – France Telecom currently has a consensus rating of “Hold” and an average target price of $25.67.

Shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) opened at 27.76 on Thursday. Telecom Argentina Stet – France Telecom has a 52-week low of $17.04 and a 52-week high of $29.89. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 18.88 and a beta of 1.42. The stock has a 50 day moving average of $27.16 and a 200-day moving average of $24.08.

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A number of large investors have recently added to or reduced their stakes in TEO. Pictet Asset Management Ltd. purchased a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $114,000. Group One Trading L.P. boosted its stake in Telecom Argentina Stet – France Telecom by 665.3% in the first quarter. Group One Trading L.P. now owns 8,296 shares of the utilities provider’s stock valued at $184,000 after buying an additional 7,212 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $208,000. BTC Capital Management Inc. purchased a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $224,000. Finally, Eqis Capital Management Inc. purchased a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $233,000. Hedge funds and other institutional investors own 5.93% of the company’s stock.

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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