Morgan Stanley Upgrades TEO to 'Buy', Sets $17 Price Target
Morgan Stanley analyst Cesar Medina raises TEO's price target to $17 with a 'buy' rating, a 33.70% upside from the current price.
Key Points
- Morgan Stanley's Cesar Medina upgraded TEO to 'buy' with a $17 price target on June 24, 2026.
- Morgan Stanley's $17 price target implies 33.70% upside from Telecom Argentina S.A.'s ($TEO) current $12.71 share price.
- TEO shares traded near $13.23 on Wednesday, reflecting recent analyst activity.
- Peers like Fourth Sail Capital and Mirae Asset Global have adjusted their TEO holdings significantly.
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On June 24, 2026, Morgan Stanley analyst Cesar Medina upgraded TEO to a 'buy' rating with a new price target of $17. This move signals increased confidence in the company's prospects by one of Wall Street's major firms.
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Other Institutional Activity in TEO
Several institutional investors have recently adjusted their positions in TEO. Fourth Sail Capital LP increased its holdings by 2,046,598 shares, ending with 2.5 million shares valued at approximately $29.23 million, representing a 451.4% increase. Mirae Asset Global ETFs Holdings Ltd. added 116,025 shares, bringing its total to 1,912,483 shares worth about $22.36 million, a 6.5% increase. In contrast, Oaktree Capital Management LP reduced its position by 725,264 shares, resulting in a 30.9% decrease to 1,622,244 shares valued at around $18.96 million.
Telecom Argentina S.A. Stock Down 2.6%
Shares of TEO traded near $13.23 on Wednesday. The stock has been the focus of recent analyst activity, with Morgan Stanley's upgrade drawing attention.
$TEO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Telecom Argentina S.A.
On June 2, 2026, insider Urricelqui Alejandro Alberto purchased 38,890 shares of TEO at an average price of $13.43. This transaction was not made under a Rule 10b5-1 plan.
Analysts Set New Price Targets
On June 24, 2026, Morgan Stanley upgraded TEO to a 'buy' rating with a $17 price target. Earlier, on June 9, 2026, JP Morgan maintained its 'buy' rating with a $19 target. Meanwhile, Scotiabank maintained a 'sell' rating with a $9.2 target on May 27, 2026. The consensus among analysts suggests a mixed outlook for TEO, with varied price targets and recommendations.
About TEO
TEO operates in the telecommunications sector, providing various communication services. The company serves a broad customer base with a range of products designed to meet diverse needs. Its operations span multiple regions, supported by a dedicated team of professionals.
Bottom Line
Morgan Stanley's upgrade of TEO to 'buy' with a $17 price target indicates a positive outlook from a major firm. Investors keep a close watch on such analyst actions as they can influence stock performance. However, it's essential to remember that these ratings reflect past analysis and may not represent future performance.
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