Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Receives Average Recommendation of “Reduce” from Analysts

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have been assigned an average recommendation of “Reduce” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $11.9250.

Several equities analysts have commented on TEO shares. UBS Group set a $17.00 price target on shares of Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. Finally, Zacks Research cut Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th.

Telecom Argentina Stet – France Telecom Stock Up 0.8%

Shares of TEO opened at $11.54 on Friday. The company’s 50-day simple moving average is $11.82 and its 200-day simple moving average is $10.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.50 and a current ratio of 0.52. Telecom Argentina Stet – France Telecom has a 1 year low of $6.43 and a 1 year high of $13.81. The stock has a market capitalization of $4.97 billion, a PE ratio of -32.96 and a beta of 1.22.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings data on Monday, November 10th. The utilities provider reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.13. The firm had revenue of $1.50 billion during 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%. Analysts forecast that Telecom Argentina Stet – France Telecom will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 1st quarter valued at $379,000. Marshall Wace LLP purchased a new position in Telecom Argentina Stet – France Telecom in the second quarter valued at $346,000. Bank of America Corp DE raised its stake in Telecom Argentina Stet – France Telecom by 21.3% in the second quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock valued at $237,000 after buying an additional 4,714 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at $110,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Telecom Argentina Stet – France Telecom during the 3rd quarter worth about $98,000.

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.