Telecom Argentina Stet – France Telecom (NYSE:TEO) Rating Lowered to Strong Sell at Zacks Research

Telecom Argentina Stet – France Telecom (NYSE:TEO) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on TEO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. UBS Group set a $17.00 price objective on shares of Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Telecom Argentina Stet – France Telecom presently has a consensus rating of “Reduce” and a consensus price target of $11.93.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of Telecom Argentina Stet – France Telecom stock opened at $10.90 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $11.89 and its two-hundred day moving average is $9.84. Telecom Argentina Stet – France Telecom has a 52 week low of $6.43 and a 52 week high of $13.54. The company has a market capitalization of $4.69 billion, a PE ratio of -31.14 and a beta of 1.22.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings results on Monday, November 10th. The utilities provider reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.13. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Telecom Argentina Stet – France Telecom had a negative net margin of 2.55% and a negative return on equity of 2.64%. As a group, analysts expect that Telecom Argentina Stet – France Telecom will post 1.28 earnings per share for the current year.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several institutional investors and hedge funds have recently bought and sold shares of TEO. Acadian Asset Management LLC purchased a new stake in Telecom Argentina Stet – France Telecom in the 1st quarter valued at about $379,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Telecom Argentina Stet – France Telecom by 321.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock valued at $925,000 after purchasing an additional 79,893 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter worth $346,000. Jump Financial LLC purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the second quarter worth about $596,000. Finally, Jane Street Group LLC purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $578,000.

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.