Telecom Argentina SA (ADR) (TEO) Reaches $27.75 After 3.00% Up Move; Associated British Foods plc (LON:ABF) Had 14 Bullish Analysts

August 11, 2017 - By Michael Collier

Among 27 analysts covering Associated British Foods PLC (LON:ABF), 14 have Buy rating, 2 Sell and 11 Hold. Therefore 52% are positive. Associated British Foods PLC had 285 analyst reports since August 4, 2015 according to SRatingsIntel. As per Tuesday, September 13, the company rating was maintained by JP Morgan. The firm has “Buy” rating by Liberum Capital given on Tuesday, April 19. Liberum Capital maintained Associated British Foods plc (LON:ABF) on Friday, August 21 with “Buy” rating. The company was maintained on Tuesday, March 15 by Liberum Capital. On Tuesday, July 5 the stock rating was maintained by Jefferies with “Hold”. Citigroup maintained Associated British Foods plc (LON:ABF) on Wednesday, February 24 with “Neutral” rating. RBC Capital Markets maintained the shares of ABF in report on Monday, November 9 with “Sector Performer” rating. The stock of Associated British Foods plc (LON:ABF) earned “Overwt/Cautious” rating by Morgan Stanley on Thursday, January 14. Jefferies upgraded it to “Hold” rating and GBX 2450 target in Friday, October 21 report. The firm has “Buy” rating given on Thursday, November 17 by Liberum Capital. See Associated British Foods plc (LON:ABF) latest ratings:

01/08/2017 Broker: Barclays Capital Rating: Equal Weight Old Target: GBX 3150.00 New Target: GBX 3150.00 Maintain
21/07/2017 Broker: HSBC Rating: Buy New Target: GBX 3700.00 Maintain
11/07/2017 Broker: Liberum Capital Rating: Buy Old Target: GBX 3150.00 New Target: GBX 3150.00 Maintain
07/07/2017 Broker: JP Morgan Rating: Overweight Old Target: GBX 3300.00 New Target: GBX 3300.00 Maintain
07/07/2017 Broker: Deutsche Bank Rating: Buy Old Target: GBX 3200.00 New Target: GBX 3300.00 Maintain
06/07/2017 Broker: Credit Suisse Rating: Outperform Old Target: GBX 3200.00 New Target: GBX 3350.00 Reiteration
06/07/2017 Broker: Kepler Cheuvreux Rating: Hold Old Target: GBX 2900.00 New Target: GBX 2900.00 Maintain
06/07/2017 Broker: Shore Capital Rating: Buy Maintain
06/07/2017 Broker: Liberum Capital Rating: Buy Old Target: GBX 3150.00 New Target: GBX 3150.00 Maintain
04/07/2017 Broker: Goldman Sachs Rating: Buy Old Target: GBX 3200.00 New Target: GBX 3200.00 Maintain

The stock of Telecom Argentina SA (ADR) (NYSE:TEO) is a huge mover today! About 60,598 shares traded. Telecom Argentina SA (ADR) (NYSE:TEO) has risen 35.98% since August 11, 2016 and is uptrending. It has outperformed by 19.28% the S&P500.The move comes after 8 months positive chart setup for the $2.71B company. It was reported on Aug, 11 by Barchart.com. We have $28.58 PT which if reached, will make NYSE:TEO worth $81.30M more.

Telecom Argentina S.A. 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 has market cap of $2.71 billion. The Company’s divisions include Fixed Telecommunications Services , Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services). It has a 19.02 P/E ratio. The Company, through its subsidiaries, also provides mobile telecommunications services and international wholesale services.

Among 8 analysts covering Telecom Argentina (NYSE:TEO), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Telecom Argentina has $30 highest and $14 lowest target. $22.10’s average target is -20.36% below currents $27.75 stock price. Telecom Argentina had 12 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Neutral” on Thursday, May 12. The rating was downgraded by Goldman Sachs to “Sell” on Monday, September 28. The firm has “Hold” rating by Zacks given on Tuesday, September 22. Santander upgraded the shares of TEO in report on Thursday, October 8 to “Buy” rating. The stock has “Buy” rating by HSBC on Thursday, May 12. The rating was upgraded by Goldman Sachs on Monday, November 23 to “Neutral”. Raymond James upgraded Telecom Argentina SA (ADR) (NYSE:TEO) on Tuesday, July 28 to “Outperform” rating. Morgan Stanley upgraded Telecom Argentina SA (ADR) (NYSE:TEO) on Tuesday, September 6 to “Overweight” rating. The firm has “Buy” rating given on Monday, July 3 by Bank of America. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Thursday, August 10 report.

The stock decreased 0.64% or GBX 20.37 on August 11, reaching GBX 3155.63. About 657,462 shares traded or 0.61% up from the average. Associated British Foods plc (LON:ABF) has 0.00% since August 11, 2016 and is . It has underperformed by 16.70% the S&P500.

Associated British Foods plc is an international food, ingredients and retail company. The company has market cap of 24.98 billion GBP. The Company’s divisions include grocery, sugar, agriculture, ingredients and retail. It has a 22.67 P/E ratio. The Company’s geographical divisions include the United Kingdom, Europe and Africa, the Americas and Asia Pacific.