Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $31.13 and last traded at $31.11, with a volume of 143,630 shares. The stock had previously closed at $31.11.

A number of research firms recently issued reports on TEO. BidaskClub raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research raised 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. ValuEngine raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, TheStreet raised shares of Telecom Argentina Stet – France Telecom from a “c+” rating to an “a” rating in a research report on Monday, June 12th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $29.67.

The company has a market capitalization of $5.98 billion, a PE ratio of 18.05 and a beta of 1.42. The firm has a 50-day moving average price of $28.35 and a 200-day moving average price of $24.70.

Several large investors have recently bought and sold shares of TEO. Soros Fund Management LLC purchased a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth $5,180,000. Morgan Stanley increased its stake in Telecom Argentina Stet – France Telecom by 2.3% in the first quarter. Morgan Stanley now owns 159,771 shares of the utilities provider’s stock worth $3,545,000 after buying an additional 3,593 shares during the period. Global X Management Co. LLC increased its stake in Telecom Argentina Stet – France Telecom by 19.3% in the first quarter. Global X Management Co. LLC now owns 244,024 shares of the utilities provider’s stock worth $5,415,000 after buying an additional 39,450 shares during the period. Group One Trading L.P. increased 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 worth $184,000 after buying an additional 7,212 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Telecom Argentina Stet – France Telecom by 63.6% in the first quarter. JPMorgan Chase & Co. now owns 105,696 shares of the utilities provider’s stock worth $2,345,000 after buying an additional 41,079 shares during the period. 5.98% of the stock is owned by institutional investors.

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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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