Telecom Argentina Stet – France Telecom (NYSE:TEO) Share Price Passes Above 200 Day Moving Average – Should You Sell?
by Renee Jackson · The Cerbat GemTelecom Argentina Stet – France Telecom S.A. (NYSE:TEO – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.91 and traded as high as $11.84. Telecom Argentina Stet – France Telecom shares last traded at $11.7010, with a volume of 434,848 shares.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on TEO. Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Scotiabank downgraded shares of Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and raised their target price for the company from $8.20 to $8.60 in a research report on Friday, March 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Telecom Argentina Stet – France Telecom currently has an average rating of “Reduce” and a consensus price target of $11.70.
Get Our Latest Analysis on Telecom Argentina Stet – France Telecom
Telecom Argentina Stet – France Telecom Stock Down 0.4%
The company has a debt-to-equity ratio of 0.55, a current ratio of 0.48 and a quick ratio of 0.46. The firm has a 50-day moving average of $11.75 and a 200 day moving average of $10.91. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of -35.46 and a beta of 1.27.
Telecom Argentina Stet – France Telecom (NYSE:TEO – Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. The firm had revenue of $1.35 billion for the quarter. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.53% and a negative net margin of 2.17%. As a group, sell-side analysts forecast that Telecom Argentina Stet – France Telecom S.A. will post 1.28 earnings per share for the current fiscal year.
Institutional Trading of Telecom Argentina Stet – France Telecom
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. RWC Asset Management LLP lifted its stake in Telecom Argentina Stet – France Telecom by 0.4% in the third quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock valued at $4,870,000 after acquiring an additional 2,383 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Telecom Argentina Stet – France Telecom by 21.3% in the 2nd quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 4,714 shares during the period. EFG International AG bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 4th quarter valued at about $58,000. Van ECK Associates Corp acquired a new stake in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at about $43,000. Finally, Engineers Gate Manager LP bought a new position in Telecom Argentina Stet – France Telecom during the second quarter worth about $110,000.
Telecom Argentina Stet – France Telecom Company Profile
Telecom Argentina Stet – France Telecom (NYSE:TEO) is an integrated telecommunications provider based in Buenos Aires, Argentina. Originally formed through the 1990 privatization of the state-owned Empresa Nacional de Telecomunicaciones (ENTel), the company was initially backed by Italian state carrier STET and French operator France Télécom. Since its listing on the New York Stock Exchange under the ticker TEO, Telecom Argentina has evolved into one of the country’s principal communications groups, offering a comprehensive portfolio of voice and data services.
The company’s core business activities span fixed-line telephony, mobile services, broadband internet and digital television.